Virtus Wealth Solutions LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

Virtus Wealth Solutions LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 77,341 shares of the company’s stock, valued at approximately $11,074,000. Robinhood Markets makes up about 2.1% of Virtus Wealth Solutions LLC’s investment portfolio, making the stock its 11th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares during the last quarter. Valley National Advisers Inc. raised its stake in Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Smithfield Trust Co acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth $29,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $29,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HOOD shares. Needham & Company LLC dropped their price objective on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target for the company in a report on Monday, February 9th. Mizuho reduced their price objective on shares of Robinhood Markets from $172.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. Finally, Loop Capital set a $130.00 price target on shares of Robinhood Markets in a research report on Monday, February 9th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $121.71.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $77.53 on Thursday. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The business has a 50 day moving average price of $100.89 and a 200 day moving average price of $116.48. The company has a market capitalization of $69.71 billion, a P/E ratio of 37.64, a P/E/G ratio of 1.48 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $1.01 earnings per share. Robinhood Markets’s revenue was up 26.5% compared to the same quarter last year. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity

In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.07, for a total transaction of $870,700.00. Following the completion of the transaction, the insider owned 393,612 shares in the company, valued at approximately $34,271,796.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 706,633 shares of company stock worth $82,303,123 in the last quarter. Corporate insiders own 14.47% of the company’s stock.

Trending Headlines about Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Bitcoin strength is lifting expectations for higher trading volumes on Robinhood, supporting the stock’s rally. Robinhood (HOOD) Stock Trades Up, Here Is Why
• Positive Sentiment: Robinhood is building crypto infrastructure — it launched a testnet for its new blockchain, which could increase crypto product engagement and high-margin revenue over time. Robinhood announces launch of testnet for its brand new chain
• Positive Sentiment: Robinhood rolled out Robinhood Ventures Fund I, a $1B closed‑end vehicle giving retail investors pre‑IPO access — a material product expansion that could boost fee income and diversify revenue. Robinhood Opens Pre IPO Access With New US$1b Closed End Fund
• Neutral Sentiment: Macro/sector analysis is mixed — some analysts and outlets are re‑evaluating financials and trading platforms, highlighting both risks and recovery potential for Robinhood. Watch sector flows and sentiment. Revisiting 3 Troubled Financials: Has Anything Changed With Blue Owl, PayPal, or Robinhood?
• Neutral Sentiment: Longer-form thesis: a Forbes piece argues the market may be overlooking Robinhood’s shift to higher‑margin products, but notes recent execution/crypto headwinds — this is constructive if execution continues. Why The Market Is Missing Robinhood’s High-Margin Makeover
• Negative Sentiment: An analyst price target was cut by ~15%, which could weigh on sentiment and limit near‑term upside. Robinhood Markets (HOOD) price target decreased by 15.09% to 130.24
• Negative Sentiment: Insider selling: director Baiju Bhatt sold ~65.7k shares at ~$72.30, a disclosure that may be viewed unfavorably by some investors. SEC filing: Baiju Bhatt Form 4

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.