Wealthfront Advisers Adds $20M in Robinhood Markets, Inc. ($HOOD)
Wealthfront Advisers nearly doubled its Robinhood holdings, a vote of confidence in the platform.
Key Points
- Wealthfront Advisers increased its stake in Robinhood Markets by 118.7%, adding 187,708 shares to reach a total of 345,798 shares valued at $37.4 million.
- Robinhood's stock is trading at $108.15 on NasdaqGS with a market cap of $97.4 billion, a P/E ratio of 52.5, and a 52-week high of $153.86.
- Insider trades include CFO Shiv Verma's planned sales and analyst firms like Argus Research maintaining 'buy' ratings with price targets up to $115.
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Wealthfront Advisers has significantly increased its stake in Robinhood Markets, Inc. (NasdaqGS: HOOD), according to a recent SEC filing. As of the filing period ending March 31, Wealthfront Advisers boosted its holdings by 118.7%, adding 187,708 shares. This brings its total to 345,798 shares, valued at approximately $37.4 million.
Wealthfront Advisers vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Wealthfront Advisers' Robinhood Position
Wealthfront Advisers nearly doubled its investment in Robinhood, increasing its shares from 158,090 to 345,798. This represents an addition of 187,708 shares, marking a 118.7% increase in their position. The total value of this stake is now about $37.4 million, indicating a robust commitment to the financial services platform.
Other Institutional Activity in Robinhood
In other institutional activity, BlackRock, Inc. reduced its stake by 722,841 shares, ending with 63,458,589 shares valued at roughly $4.4 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established significant positions, holding 51,326,495 and 37,149,630 shares, respectively. State Street Corp added 251,616 shares to hold 33,373,068 shares, while Geode Capital Management, LLC increased its stake by 333,427 shares, totaling 21,505,352 shares.
Robinhood Markets, Inc. Stock Up 3.7%
Shares of Robinhood Markets are trading around $108.15 on NasdaqGS. The company has a market capitalization of $97.4 billion and a P/E ratio of 52.5, with a forward P/E of 38.0. Robinhood's beta is 2.348, indicating higher volatility. The stock's 52-week range is between $63.52 and $153.86, with moving averages of $82.80 over 50 days and $102.79 over 200 days. The company's current and quick ratios are 1.114 and 1.07, respectively, with a debt-to-equity ratio of 140.483.
$HOOD stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Robinhood reported revenue of $4.6 billion, with a growth rate of 15.1%. The company achieved a net margin of 41.1% and a return on equity of 21.5%. Earnings per share stand at $2.06. The next earnings report is expected on July 29, 2026.
Insider Buying and Selling at Robinhood Markets, Inc.
Recent insider activity includes planned sales by Chief Financial Officer Shiv Verma, who sold 3,984 shares at $98.84 and 11,948 shares at $93.19 on June 15, 2026. Additionally, Baiju Bhatt executed both buys and sells, including a planned sell of 57,898 shares at $89.63 on June 11, 2026. Meyer Malka acquired 250,000 shares at $80.74 on June 5, 2026, in an unplanned transaction.
Analysts Set New Price Targets
Analysts have been active with several firms maintaining 'buy' ratings. On June 17, 2026, Argus Research maintained its 'buy' rating with a target of $110. Needham and Goldman Sachs also maintained 'buy' ratings with targets of $97 and $105, respectively, earlier in June. The consensus recommendation remains a 'buy,' with an average target price of $101.15 based on 24 analyst opinions.
About Robinhood Markets
Robinhood Markets, Inc. is a financial services company headquartered in Menlo Park, California. It operates a platform that allows users to invest in stocks, ETFs, and other securities. The company offers fractional trading, margin investing, and educational resources. Founded in 2013, Robinhood aims to make investing accessible to a wider audience under the leadership of CEO Vladimir Tenev.
Bottom Line
Wealthfront Advisers' substantial increase in its Robinhood stake reflects a strong endorsement of the company's potential. Investors often watch 13F filings for insights into institutional sentiment, though these filings are historical and might not represent current positions. Robinhood's market performance and analyst ratings suggest continued interest from both institutional and retail investors.
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