HB Wealth Management LLC Trims Stock Holdings in Robinhood Markets, Inc. $HOOD

HB Wealth Management LLC lessened its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 23.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,081 shares of the company’s stock after selling 7,235 shares during the quarter. HB Wealth Management LLC’s holdings in Robinhood Markets were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HOOD. State Street Corp grew its holdings in shares of Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares in the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $1,202,160,000. Corient Private Wealth LLC lifted its stake in shares of 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 buying an additional 2,511,743 shares during the period. Jennison Associates LLC boosted its position in Robinhood Markets by 95.7% during the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after acquiring an additional 2,157,372 shares during the last quarter. Finally, Morgan Stanley boosted its position in Robinhood Markets by 23.9% during the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after acquiring an additional 2,061,832 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered 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. JPMorgan Chase & Co. reduced their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research note on Tuesday, April 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, Mizuho increased their price objective on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 57,898 shares of Robinhood Markets stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $89.63, for a total value of $5,189,397.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00. Following the transaction, the director directly owned 72,442 shares of the company’s stock, valued at approximately $8,511,935. This represents a 4.92% 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 bought 680,000 shares of company stock worth $55,306,560 and sold 274,112 shares worth $24,016,008. 19.95% of the stock is owned by company insiders.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood’s London keynote highlighted a broader global expansion push, including Robinhood Chain, stock tokens, DeFi lending, perpetual futures, and AI-powered trading, reinforcing the company’s growth story. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: China Renaissance initiated coverage on Robinhood with a buy rating, adding fresh analyst support that can help sustain investor optimism.
• Positive Sentiment: Recent commentary emphasized that Robinhood’s business momentum may be outpacing earnings estimates, with upcoming results seen as a potential catalyst for upward revisions if banking and prediction-market initiatives keep scaling. Article: Why Robinhood’s Business Momentum May Be Outrunning Earnings Estimates
• Positive Sentiment: Coverage also pointed to growing interest in Robinhood as a fintech name benefiting from AI, digital payments, blockchain, and tokenization trends. Article: Fintech Stocks in Focus as AI and Digital Payments Reshape Finance
• Neutral Sentiment: Robinhood remains one of the most searched stocks on Zacks, suggesting elevated investor attention ahead of its next earnings report and key growth updates. Article: Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Neutral Sentiment: Two directors and one insider sold shares under pre-arranged Rule 10b5-1 plans, which is not unusual but may still slightly weigh on sentiment because it signals some profit-taking after the stock’s strong run.
• Neutral Sentiment: Broader media coverage also noted Robinhood’s role in the new Trump Accounts rollout and CEO Vlad Tenev’s comments on AI agents, which add to the company’s visibility but are less immediate stock drivers. Article: How Trump Accounts can turn $2K into $40K: Robinhood CEO & BNY CEO discuss
• Negative Sentiment: Insider sales by Director Paula Loop, Director Oluwadara Johnson Treseder, and insider Steven M. Quirk could create modest caution, even though the trades were pre-planned and not necessarily a bearish signal on fundamentals.

Robinhood Markets Trading Down 4.0%

Shares of NASDAQ HOOD opened at $112.90 on Wednesday. The stock has a fifty day moving average price of $88.95 and a 200 day moving average price of $89.39. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The company has a market cap of $101.67 billion, a P/E ratio of 54.54, a P/E/G ratio of 2.63 and a beta of 2.33.

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