BBR Partners LLC Takes Position in Robinhood Markets, Inc. $HOOD

BBR Partners LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,676 shares of the company’s stock, valued at approximately $4,148,000.

A number of other hedge funds have also made changes to their positions in the company. Evolution Wealth Advisors LLC increased its position in shares of Robinhood Markets by 5.2% in the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after buying an additional 95 shares in the last quarter. CogentBlue Wealth Advisors LLC increased its position in Robinhood Markets by 4.1% during the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after purchasing an additional 98 shares in the last quarter. Vision Financial Markets LLC increased its position in Robinhood Markets by 100.0% during the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Kovack Advisors Inc. increased its position in Robinhood Markets by 2.5% during the 3rd quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock worth $590,000 after purchasing an additional 100 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its position in Robinhood Markets by 11.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 8,540 shares of Robinhood Markets stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total value of $725,302.20. Following the transaction, the insider directly owned 53,183 shares of the company’s stock, valued at $4,516,832.19. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $69.83, for a total value of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $26,186,250. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 550,765 shares of company stock worth $40,191,940. 14.47% of the stock is owned by insiders.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $88.33 on Friday. The firm has a market capitalization of $79.54 billion, a P/E ratio of 42.67, a P/E/G ratio of 2.48 and a beta of 2.35. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The business’s 50-day simple moving average is $77.90 and its 200-day simple moving average is $93.10.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, equities research analysts expect that Robinhood Markets, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial dropped their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. New Street Research set a $122.00 price objective on Robinhood Markets in a research report on Thursday, March 5th. KeyCorp reiterated an “overweight” rating and set a $100.00 price objective on shares of Robinhood Markets in a research report on Monday. Keefe, Bruyette & Woods dropped their price objective on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Finally, Zacks Research cut Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $106.54.

More Robinhood Markets News

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood Markets (HOOD) to $105 from $95 and kept a Buy rating, reinforcing a more bullish valuation view. Benzinga article
• Positive Sentiment: Robinhood expanded its wealth-management push through TradePMR with an advisor network, client referral tools, AI capabilities, lending perks, and broader investment access for RIAs, which could help grow higher-value revenue streams. Yahoo Finance article
• Positive Sentiment: Director Meyer Malka made another large insider purchase, buying 181,000 shares for about $15.1 million, a sign of confidence from a key insider.

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.