Frank Rimerman Advisors LLC Raises Stock Position in Robinhood Markets, Inc. $HOOD

Frank Rimerman Advisors LLC increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 285.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,686 shares of the company’s stock after acquiring an additional 10,873 shares during the period. Frank Rimerman Advisors LLC’s holdings in Robinhood Markets were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HOOD. CYBER HORNET ETFs LLC increased its holdings in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the period. MV Capital Management Inc. bought a new stake in Robinhood Markets during the fourth quarter valued at $27,000. Swiss RE Ltd. bought a new stake in Robinhood Markets during the fourth quarter valued at $27,000. Elyxium Wealth LLC purchased a new position in Robinhood Markets during the fourth quarter worth about $27,000. Finally, Sound Income Strategies LLC grew its position in Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after buying an additional 145 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research analyst reports. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. BTIG Research reissued a “buy” rating and set a $125.00 price objective on shares of Robinhood Markets in a report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, June 24th. Jefferies Financial Group decreased their price objective on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, Zacks Research raised shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $116.74.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka bought 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the transaction, the director directly owned 3,924,427 shares in the company, valued at $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the completion of the sale, the insider directly owned 62,612 shares of the company’s stock, valued at $7,510,935.52. This represents a 23.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 659,112 shares worth $68,741,158. 14.47% of the stock is currently owned by company insiders.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s newly launched blockchain is generating strong interest, with reports of a memecoin frenzy, record DEX volume, and growing retail activity on Robinhood Chain, which supports the bullish growth narrative. Article: Trader turns $800 into $1 million
• Positive Sentiment: Barclays raised its price target on HOOD from $82 to $122 and kept an overweight rating, reinforcing optimism that the stock still has room to run.
• Positive Sentiment: Coverage around Robinhood’s crypto and tokenization push, including Robinhood Chain, stock tokens, DeFi lending, perpetual futures, and AI trading, continues to support expectations for future revenue growth. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Neutral Sentiment: Several articles highlighted rising attention on Robinhood’s memecoin ecosystem and broad media interest in the company, which adds visibility but is not a direct fundamental catalyst. Article: Robinhood’s Memecoin Boom Shows Crypto’s Retail Market Is No Joke
• Neutral Sentiment: Recent insider sales by Robinhood executives and directors may slightly weigh on sentiment, though the transactions were pre-arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook.

Robinhood Markets Price Performance

Shares of HOOD opened at $115.11 on Friday. The firm has a market cap of $103.66 billion, a P/E ratio of 55.61, a P/E/G ratio of 2.54 and a beta of 2.33. The stock has a 50 day simple moving average of $90.20 and a two-hundred day simple moving average of $89.33. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted 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). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

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.