Range Financial Group LLC Acquires Shares of 21,828 Robinhood Markets, Inc. $HOOD

Range Financial Group LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,828 shares of the company’s stock, valued at approximately $2,469,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after purchasing an additional 18,824,923 shares during the last quarter. State Street Corp grew its stake in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares in the last quarter. Invesco Ltd. increased its holdings in Robinhood Markets by 25.3% during the 3rd quarter. Invesco Ltd. now owns 6,191,123 shares of the company’s stock worth $886,445,000 after purchasing an additional 1,248,590 shares during the last quarter. Northern Trust Corp raised its position in shares of Robinhood Markets by 48.5% in the 3rd quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after purchasing an additional 2,011,820 shares in the last quarter. Finally, Amundi raised its position in shares of Robinhood Markets by 10.6% in the 3rd quarter. Amundi now owns 4,592,764 shares of the company’s stock valued at $662,552,000 after purchasing an additional 440,899 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOOD. Needham & Company LLC decreased their price target on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Cantor Fitzgerald cut their price target on shares of Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. New Street Research set a $122.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 5th. Jefferies Financial Group initiated coverage on shares of Robinhood Markets in a report on Thursday, March 26th. They set a “buy” rating and a $88.00 price objective for the company. Finally, Piper Sandler dropped their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $118.00.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Goldman Sachs (via coverage pieces) lists Robinhood among top crypto-stock buys after a sector pullback, which supports a recovery narrative if crypto markets stabilize. Goldman Sachs Flags 2 Crypto Stocks Worth Buying After 46% Sector Crash
• Positive Sentiment: Jefferies initiated research coverage on HOOD, which typically increases visibility and can attract investor interest. Robinhood Markets (NASDAQ:HOOD) Research Coverage Started at Jefferies Financial Group
• Neutral Sentiment: Sanford C. Bernstein cut its price target from $160 to $130 but kept an “outperform” rating — positive tone from the rating, but the lower target reduces implied upside and may temper enthusiasm. Benzinga reference
• Neutral Sentiment: Press summaries (Zacks / Yahoo) are reporting HOOD’s recent pullback; these pieces mainly reflect market movement rather than new fundamental news. Robinhood Markets, Inc. (HOOD) Registers a Bigger Fall Than the Market
• Neutral Sentiment: Analysts and commentators continue to flag Robinhood’s cash-generation and margins as positives, but note that cash flow doesn’t guarantee outperformance if growth or competitive pressures slow. 1 Cash-Producing Stock Worth Your Attention and 2 We Find Risky
• Negative Sentiment: Shares fell sharply after an analyst downgrade (reported as a ~6.2% drop in one write-up), indicating that sell-side revisions are directly pressuring the stock. Robinhood Markets (NASDAQ:HOOD) Shares Down 6.2% After Analyst Downgrade
• Negative Sentiment: Reports say Robinhood was cut out of the high-profile SpaceX IPO allocation — a reputational/momentum negative that could affect customer perception and future deal access. Robinhood reportedly cut out of blockbuster SpaceX IPO
• Negative Sentiment: Broader market risk related to geopolitical tensions (coverage noting potential S&P downside from the Iran war) is a negative for high-beta names like HOOD and can exacerbate intraday weakness. The problem for investors: We don’t know how Trump wants the Iran war to end

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total value of $754,900.00. Following the transaction, the insider directly owned 452,849 shares in the company, valued at approximately $34,185,571.01. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the transaction, the chief technology officer directly owned 9,133 shares of the company’s stock, valued at $981,614.84. This trade represents a 39.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 469,268 shares of company stock valued at $54,409,454 over the last three months. 19.95% of the stock is currently owned by company insiders.

Robinhood Markets Trading Down 1.3%

Shares of NASDAQ HOOD opened at $65.16 on Tuesday. The company has a market capitalization of $58.66 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 1.49 and a beta of 2.47. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The business has a 50 day simple moving average of $81.54 and a 200-day simple moving average of $111.05.

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

About Robinhood Markets

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.