California Public Employees Retirement System Acquires 116,744 Shares of Robinhood Markets, Inc. $HOOD

California Public Employees Retirement System raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,377,929 shares of the company’s stock after purchasing an additional 116,744 shares during the quarter. California Public Employees Retirement System owned 0.15% of Robinhood Markets worth $197,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HOOD. Bank of Nova Scotia lifted its position in shares of Robinhood Markets by 3,321.4% during the 3rd quarter. Bank of Nova Scotia now owns 728,492 shares of the company’s stock worth $104,305,000 after buying an additional 707,200 shares during the period. Aquatic Capital Management LLC bought a new stake in Robinhood Markets in the third quarter valued at $80,282,000. Alliancebernstein L.P. raised its stake in Robinhood Markets by 130.3% during the third quarter. Alliancebernstein L.P. now owns 974,771 shares of the company’s stock worth $139,568,000 after acquiring an additional 551,488 shares in the last quarter. JAT Capital Mgmt LP acquired a new position in Robinhood Markets during the third quarter worth $1,718,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Robinhood Markets by 625.2% during the third quarter. Lazard Asset Management LLC now owns 20,000 shares of the company’s stock valued at $2,864,000 after acquiring an additional 17,242 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $73.39 on Monday. The business has a fifty day moving average of $91.33 and a 200-day moving average of $113.87. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The firm has a market cap of $66.07 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.66 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.58, for a total transaction of $1,215,800.00. Following the completion of the sale, the insider directly owned 403,612 shares of the company’s stock, valued at approximately $49,071,146.96. This represents a 2.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 475,132 shares of company stock valued at $55,127,149 over the last ninety days. Company insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HOOD shares. Piper Sandler lowered their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. KeyCorp cut their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Mizuho reduced their price target on shares of Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday. Bank of America decreased their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.59.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: February operating metrics show rising engagement: Robinhood reported year-over-year increases in equity and options DARTs and a 68% YoY surge in platform assets to $314.2B, driven by strong deposits and higher trading activity — a signal of durable customer demand and monetization potential. Read More.
• Positive Sentiment: Prediction markets and “SuperApp” strategy are contributing incremental revenue: MarketBeat highlights that prediction-markets revenue is annualizing at about $435M and is embedded in a broader $4.5B revenue base — supporting upside to revenue diversification and long-term growth. Read More.
• Positive Sentiment: Recent quarterly results remained solid: management reported record revenue and EPS beats (referenced in the MarketBeat coverage), reinforcing the case that RH is expanding revenue streams while maintaining profitability metrics. Read More.
• Neutral Sentiment: Analyst price-target reset but upbeat rating: Mizuho trimmed its HOOD PT from $135 to $110 but kept an “outperform” call — the lower target can cap near-term upside while the rating still signals continued analyst conviction. Read More.
• Neutral Sentiment: Market coverage and idea pieces highlight HOOD as a thematic play (prediction markets, retail trading) but note the stock has been volatile and down YTD — themes that attract interest but also keep sentiment mixed. Read More.
• Negative Sentiment: Competitive and valuation pressure vs. larger brokers: comparative analyses (HOOD vs IBKR) argue Interactive Brokers’ diversification and lower valuation may make it the steadier choice if crypto/trading volumes waver — a relative-risk narrative that can weigh on HOOD multiple. Read More.
• Negative Sentiment: Volatility and drawdown risk highlighted: a Forbes analysis reminds investors that HOOD has experienced large drawdowns in systemic shocks (~-37% average), underscoring the stock’s sensitivity to market stress and crypto turbulence. That risk premium can pressure the share price in uncertain markets. Read More.

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.