Robinhood Markets, Inc. $HOOD Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 20.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,984 shares of the company’s stock after buying an additional 6,215 shares during the quarter. Merit Financial Group LLC’s holdings in Robinhood Markets were worth $4,070,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after buying an additional 18,824,923 shares during the period. State Street Corp raised its holdings in 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 purchasing an additional 16,375,734 shares during the last quarter. Invesco Ltd. raised its holdings in Robinhood Markets by 25.3% during the third quarter. Invesco Ltd. now owns 6,191,123 shares of the company’s stock worth $886,445,000 after purchasing an additional 1,248,590 shares during the last quarter. Northern Trust Corp raised its holdings in Robinhood Markets by 48.5% during the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock worth $881,608,000 after purchasing an additional 2,011,820 shares during the last quarter. Finally, Amundi raised its holdings in Robinhood Markets by 10.6% during the third quarter. Amundi now owns 4,592,764 shares of the company’s stock worth $662,552,000 after purchasing an additional 440,899 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a report on Monday, February 9th. Cantor Fitzgerald reduced their price objective on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Citizens Jmp reduced their price objective on Robinhood Markets from $180.00 to $155.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Wall Street Zen cut Robinhood Markets from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Truist Financial reduced their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.42.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $90.75 on Monday. Robinhood Markets, Inc. has a fifty-two week low of $39.21 and a fifty-two week high of $153.86. The stock has a market cap of $81.70 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.64 and a beta of 2.46. The business has a fifty day moving average of $75.32 and a 200-day moving average of $106.05.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the completion of the transaction, the chief technology officer directly owned 9,133 shares of the company’s stock, valued at $981,614.84. The trade was a 39.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was 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 of the company’s stock, valued at approximately $26,186,250. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 483,215 shares of company stock valued at $35,353,762. Company insiders own 19.95% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: SEC scraps the $25,000 pattern-day-trader rule — seen as a structural win for retail brokers like Robinhood because it lowers the barrier to frequent trading for smaller accounts, potentially increasing order flow, active users and engagement. Read More.
• Positive Sentiment: Analysts and commentators are bullish on the tailwind — firms including Goldman and Sanford C. Bernstein have highlighted the rule change as supportive of HOOD’s growth outlook and reiterated favorable views. That analyst optimism is amplifying the rally. Read More.
• Positive Sentiment: Public endorsements from market pundits — Jim Cramer discussed Robinhood positively on-air, praising management and calling the company well positioned for the policy shift, which helps investor sentiment and retail interest. Read More.
• Neutral Sentiment: Valuation and sell-off commentary — coverage (Forbes/Yahoo) notes HOOD’s recent multi-month pullback and lower forward P/E, framing the current move as both a reaction to catalysts and a valuation re-rating discussion for longer-term investors. Read More.
• Negative Sentiment: Charles Schwab plans to launch direct Bitcoin/Ethereum trading — Schwab’s entry (24/7 spot trading, low fees) raises competitive pressure on Robinhood’s crypto business and could weigh on crypto revenue and user retention. Read More.
• Negative Sentiment: Insider stock sales disclosed — CFO Shiv Verma and insider Steven M. Quirk sold sizable blocks on April 15; both trades were reported as executed under pre-arranged Rule 10b5-1 plans, which mutes the governance concern but can still create short-term selling pressure and negative headlines. Read More. / Read More.

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.