Peak Financial Advisors LLC Buys Shares of 26,118 Robinhood Markets, Inc. $HOOD

Peak Financial Advisors LLC purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 1st quarter, Holdings Channel reports. The fund purchased 26,118 shares of the company’s stock, valued at approximately $1,810,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp increased its stake in shares of Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after purchasing an additional 16,375,734 shares in the last quarter. Norges Bank purchased a new position in Robinhood Markets during the fourth quarter valued at $1,202,160,000. Corient Private Wealth LLC lifted its position in Robinhood Markets by 5,221.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after purchasing an additional 2,511,743 shares in the last quarter. Jennison Associates LLC grew its holdings in Robinhood Markets by 95.7% during the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after purchasing an additional 2,157,372 shares during the period. Finally, Morgan Stanley grew its stake in shares of Robinhood Markets by 23.9% during the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after acquiring an additional 2,061,832 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity

In related news, Director Meyer Malka bought 250,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the transaction, the director owned 3,924,427 shares in the company, valued at $316,858,235.98. This trade represents a 6.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.89, for a total value of $768,900.00. Following the completion of the sale, the insider owned 432,849 shares of the company’s stock, valued at approximately $33,281,759.61. This represents a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. 19.95% of the stock is owned by company insiders.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $98.69 on Monday. The company’s 50-day moving average price is $85.85 and its 200-day moving average price is $90.09. The company has a market cap of $88.87 billion, a PE ratio of 47.68, a price-to-earnings-growth ratio of 2.32 and a beta of 2.35. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.

More Robinhood Markets News

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

• Positive Sentiment: BTIG initiated coverage on Robinhood with a Buy rating and a $125 price target, saying the company has a long runway for asset growth, customer engagement, and product expansion. The new bullish call is likely helping sentiment. Article Title
• Positive Sentiment: Robinhood closed its $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it more financial flexibility. Management also said capped calls and a share repurchase mean the deal should limit dilution unless the stock rises much further, which may reassure investors. Article Title
• Positive Sentiment: Robinhood is also promoting growth through customer perks, including World Cup ticket giveaways to boost its Gold subscriber base, suggesting continued efforts to deepen engagement and subscription revenue. Article Title
• Neutral Sentiment: Robinhood is attracting investor attention as a high-yield ETF idea and continues to appear in market roundups, but these items are more about trading interest than a direct business catalyst. Article Title
• Neutral Sentiment: A comparison piece on SCHW vs. HOOD frames Robinhood as a value debate rather than providing a new company-specific catalyst. Article Title
• Negative Sentiment: Robinhood previously fell after reports that Meta is developing a competing prediction-markets app, raising concerns about future competition in one of Robinhood’s newer growth areas. Article Title

Analyst Ratings Changes

Several analysts recently issued reports on HOOD shares. JPMorgan Chase & Co. cut their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Truist Financial cut their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Morgan Stanley decreased their price target on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $130.00 price objective on shares of Robinhood Markets in a research report on Tuesday, April 14th. Nineteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.68.

Robinhood Markets 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.