Elevation Point Wealth Partners LLC Acquires New Holdings in Robinhood Markets, Inc. $HOOD

Elevation Point Wealth Partners LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 1st quarter, Holdings Channel.com reports. The fund bought 12,406 shares of the company’s stock, valued at approximately $860,000.

Several other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC boosted its holdings in shares of Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $27,000. Finally, Swiss RE Ltd. acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $27,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: HOOD gained after June consumer confidence edged up to 91.2, a sign that retail investors may have more appetite for trading and investing activity. Why Robinhood (HOOD) Stock Is Up Today
• Positive Sentiment: Investor enthusiasm is being supported by Robinhood’s latest growth initiatives, including agentic AI trading, stock tokenization, DeFi lending, perpetual futures, and a broader international expansion push. HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: Analysts and market commentary highlighted Robinhood as a beneficiary of capital rotation away from crowded AI names, pointing to strong fundamentals and possible upside. AI Is Selling Off, But These 5 Stocks Could Benefit Next (HOOD)
• Positive Sentiment: Coverage around Trump Accounts also drew attention to Robinhood’s role in a new savings platform, with management noting the company can generate revenue from the product. Robinhood CEO on Trump Accounts: We do generate revenue from this

Robinhood Markets Stock Performance

Shares of HOOD opened at $117.55 on Tuesday. The business’s 50-day moving average is $88.38 and its two-hundred day moving average is $89.42. The company has a market capitalization of $105.85 billion, a P/E ratio of 56.79, a P/E/G ratio of 2.53 and a beta of 2.33. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts forecast that Robinhood Markets, Inc. will post 1.81 EPS for the current year.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 57,898 shares of Robinhood Markets stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $89.63, for a total transaction of $5,189,397.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total transaction of $836,800.00. Following the completion of the transaction, the insider owned 481,396 shares of the company’s stock, valued at approximately $40,283,217.28. This represents a 2.04% 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. In the last quarter, insiders have bought 680,000 shares of company stock worth $55,306,560 and have sold 242,649 shares worth $20,250,598. 19.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a research report on Thursday, July 2nd. The Goldman Sachs Group boosted their target price on Robinhood Markets from $108.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods reduced their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. KeyCorp reiterated an “overweight” rating and issued a $100.00 price target on shares of Robinhood Markets in a research note on Monday, June 1st. Finally, Loop Capital set a $110.00 price target on Robinhood Markets in a research note on Wednesday, June 17th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.00.

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.