18,939 Robinhood Markets, Inc. $HOOD Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC decreased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 44.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,758 shares of the company’s stock after selling 18,939 shares during the period. Canvas Wealth Advisors LLC’s holdings in Robinhood Markets were worth $2,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HOOD. EULAV Asset Management raised its holdings in Robinhood Markets by 47.9% during the 3rd quarter. EULAV Asset Management now owns 325,342 shares of the company’s stock worth $36,601,000 after purchasing an additional 105,342 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Robinhood Markets by 37.1% in the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after purchasing an additional 212,855 shares during the last quarter. Nykredit A S bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at $29,008,000. QRG Capital Management Inc. increased its position in shares of Robinhood Markets by 14.8% during the second quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock worth $18,110,000 after buying an additional 23,253 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Robinhood Markets by 18.3% during the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock worth $6,911,000 after buying an additional 10,685 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Rothschild & Co Redburn increased their price target on Robinhood Markets from $78.00 to $80.00 and gave the stock a “sell” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Citizens Jmp reissued a “market outperform” rating and issued a $165.00 price objective on shares of Robinhood Markets in a research note on Wednesday, October 28th. Finally, CICC Research upped their target price on Robinhood Markets from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus price target of $126.45.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Cathie Wood is buying HOOD again after selling shares ahead of a steep decline, a high-profile vote of confidence that may help sentiment. Cathie Wood is buying HOOD again
• Positive Sentiment: Robinhood generated $173 million from prediction markets last quarter—more than from crypto. The segment’s growth helped offset weaker crypto sales and could provide a new revenue driver, though regulatory uncertainty remains. Robinhood’s prediction-market revenue
• Neutral Sentiment: Robinhood’s latest quarter beat analysts’ earnings-per-share estimate, but revenue came in slightly below consensus. Results also highlighted cost discipline and customer-deposit growth. Robinhood Q3 earnings call highlights
• Neutral Sentiment: Two insiders recently sold shares: Daniel Gallagher, Jr. sold 10,000 and CAO Dara Bazzano sold 4,473. Both transactions were made under pre-arranged Rule 10b5-1 plans, so they may be less informative about current views of the stock. Gallagher share sale
• Negative Sentiment: Bitcoin’s decline recently pressured Robinhood and other retail-focused fintech stocks, underscoring the risk that reduced crypto activity could weigh on results. Political shifts in Congress have also raised concerns about slower financial deregulation and greater industry scrutiny. Bitcoin and political concerns weigh on fintech shares

Robinhood Markets Stock Up 3.2%

Shares of Robinhood Markets stock traded up $2.52 during trading on Friday, reaching $80.91. 16,452,875 shares of the company traded hands, compared to its average volume of 19,490,404. The firm has a market capitalization of $72.74 billion, a PE ratio of 37.29, a P/E/G ratio of 1.82 and a beta of 2.56. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $139.75. The company has a 50 day moving average price of $105.97 and a 200-day moving average price of $92.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.24.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the company posted $0.61 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 2.10 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the completion of the sale, the chief executive officer owned 375,000 shares in the company, valued at $42,645,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $85.05, for a total value of $850,500.00. Following the transaction, the insider directly owned 489,943 shares in the company, valued at $41,669,652.15. The trade was a 2.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,095,820 shares of company stock worth $128,775,816 over the last three months. Insiders own 13.48% of the company’s stock.

Robinhood Markets Profile

Robinhood Markets, Inc operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.

Robinhood also offers subscription-based services through Robinhood Gold, which provides eligible customers with additional account features.