Robinhood NASDAQ: HOOD is the company that created the trading app that once epitomized the democratization of finance and the financial services sector.  Robinhood’s stock price has surged by over 330% this year, which is a dramatic rebound from its previous lows. This resurgence has sparked renewed interest from Robinhood’s analyst community and institutional investors, with some projecting even greater heights. However, this remarkable rally masks underlying challenges and strategic shifts that demand ca ...

公司股票表现 - Robinhood Markets (NASDAQ: HOOD)股票在过去几个月表现良好得益于股票和加密货币市场的强劲表现[1] 公司相关人员情况 - Noah Cox是Noah's Arc Capital Management的管理合伙人其观点不一定反映公司观点[3] - 分析师持有HOOD的多头头寸通过股票所有权期权或其他衍生品[2] - 文章由分析师独立撰写表达自己观点未从除Seeking Alpha外获取报酬与文中提及公司无业务关系[2]

Robinhood Markets (HOOD) has announced a pivotal move in its expansion strategy with the $300 million acquisition of TradePMR, a custodial and portfolio management platform specializing in services for Registered Investment Advisors (RIAs). With this stock and cash deal expected to close in the first half of 2025, HOOD is signaling a significant shift from a retail trading platform to a diversified financial services provider. The deal got support from investors and the company shares touched a three-year h ...

Robinhood Markets Inc (NASDAQ:HOOD) stock is up 4.8% ahead of the open, after Needham upgraded the brokerage platform to "buy" from "hold" and set its price target at $40. The brokerage platform also announced an agreement to acquire TradePMR for approximately $300 million, a move it hopes will increase its investment advisory capabilities. The analyst in coverage noted Robinhood could benefit from new crypto-friendly leadership at the U.S. Securities and Exchange Commission (SEC) after the election. Robinh ...

There is an unavoidable risk on the horizon for Robinhood.Robinhood Markets (HOOD 0.31%) went public in 2021 at $38 per share and quickly rocketed to an all-time high of $85. Investors rewarded the company's ability to attract young, first-time investors who wanted to trade financial assets like stocks and options contracts to its platform.However, the bear market during 2022 spooked many of Robinhood's clients, and its stock subsequently plunged by more than 90% from its record high. A recovery is now unde ...

Robinhood Markets, Inc. (NASDAQ:HOOD) Wolfe Research Wealth Symposium November 13, 2024 11:45 AM ET Company Participants Jason Warnick - CFO Conference Call Participants Steven Chubak - Wolfe Research Steven Chubak All right. So good morning, everybody. Thanks, everybody, both in the room and on the webcast for joining us today. My name is Steven Chubak. I cover the diversified banks, brokers and alternative asset managers. It's quite a mouthful at Wolfe Research. I'm really excited to introduce our next sp ...

一、涉及公司 Robinhood Markets, Inc. (NASDAQ:HOOD)[1] 二、核心观点与论据 （一）预测市场 1. **客户兴趣浓厚** - 超过50万客户注资并在公司开设衍生品账户，在大约一周内交易了5亿份合约，这表明客户对事件合约非常感兴趣[4]。 （二）Robinhood Gold 1. **新客户订阅率高且总体增长** - 新客户的Robinhood Gold订阅率高达40%，目前总体订阅率为9%，相比一年前的5%有所上升，订阅用户达到220万且还在增长[7]。 2. **增加价值主张** - 即将推出期货和现金结算指数期权等产品，Gold会员可享受更优惠价格，公司将继续增加Gold订阅的价值主张[8]。 3. **对公司益处多** - Gold会员存款更多、余额更大、会发现更多产品，是普通客户平均ARPU的7倍，更有可能开设退休账户，所以公司有理由继续投资Gold业务[10]。 （三）净存款率 1. **有机增长有望高于20%** - 过去12个月净存款率接近40%，远高于20%的目标。与现有企业5%左右的增长率相比，公司增长速度更快，因为有优秀的团队且市场机会巨大，无论是国际市场还是咨询业务等都有增长空间[12][13]。 （四）促销活动 1. **促销对增长有推动作用** - 净存款相对于期初托管资产的有机增长率约30%为非促销基础的，另外10%来自促销，即约25%的新存款与促销相关[15]。 2. **促销成本将适度调整** - 有两类促销，其中1%的现金存款提升促销因增量响应不足将停止，而转移匹配促销回报良好，如2023年的1%匹配促销已全部回本[20][21]。 （五）活跃交易者 1. **市场规模与份额** - 活跃交易者的TAM（总体可触达市场）在收入方面是公司目前水平的数倍。推出Robinhood Legend（桌面应用）后可有效将活跃交易者的可触达市场翻倍，再加上期货和现金结算指数期权，有很大机会增加市场份额[23][24]。 （六）保证金业务 1. **有增长空间** - 目前保证金余额占托管资产(AUC)的比例仅约4%，由于之前定价缺乏竞争力未参与市场份额竞争，与同行相比有很大的提升空间[25][26]。 （七）期货与指数期权 1. **期货是九位数收入机会** - 通过观察竞争对手期货收入相对于其期权和股票收入的比例（10% - 20%），认为期货是公司的一个九位数收入机会。现金结算指数期权是增长快速的板块，客户对这两个产品都很期待[28][29][30]。 （八）加密货币 1. **监管环境变化带来机会** - 相比Coinbase，公司过去在加密货币业务上较为保守，如可交易的硬币种类少、不提供抵押和借贷服务。随着监管环境变化，公司将更有能力竞争，如已新增4种硬币上市且客户反应良好，预计明年上半年完成对Bitstamp（国际加密货币交易所）的收购也将带来更多机会[33][34]。 （九）财富产品 1. **愿景与规划** - 愿景是提供高净值个人能得到的专家定制化建议体验，可能会有多种服务方式，如纯技术驱动、人机结合甚至类似RIA（注册投资顾问）模式，目前团队正在努力制定计划，虽然还不能确定时间表[36][37][38]。 （十）国际业务 1. **长期愿景是全球化** - 公司的优先战略包括成为活跃交易者领域第一、获取市场份额和国际化。国际业务是长期愿景且已取得进展，如在英国有经纪业务、在欧洲提供加密货币业务，收购Bitstamp将有助于国际市场的深度渗透，未来打算进入更多国家，不同地区产品策略可能不同[41][42][43]。 （十一）活动率与新常态化 1. **受产品影响而波动** - 活动率会根据推出的产品而起伏，如推出桌面应用、期货、指数期权等会吸引更多活跃交易者，而咨询业务面向不同类型投资者，随着业务发展会不断多样化，这对投资者和客户都有益[45]。 （十二）利润率 1. **有提升空间** - 没有结构上的限制阻止公司提高利润率。公司90%为固定成本，且在资本分配上有纪律性，2024年通过控制成本、增加营销预算等方式为扩大利润率和提高收入创造了条件[47][48][49][50]。 （十三）并购策略 1. **根据情况选择并购或自建** - 公司有强大的企业发展团队，倾向于自建但也认识到在某些情况下并购能更快发展，如在资产收集、进入新市场或增加新能力时，会根据管理带宽和优先级选择并购[51][52]。 （十四）产品定价 1. **Robinhood Gold定价策略** - 目前优先提高Robinhood Gold的订阅率而非优化订阅收入，虽然也会进行定价实验，但目前主要关注提高采用率，同时也在加密货币业务上进行定价实验且费率有所提高[54][55]。 （十五）盈利增长算法 1. **以最大化自由现金流和每股收益为目标** - 从数学公式角度看，分子是推动盈利增长，分母是尽可能降低股数。通过投资增长推动营收，利用成本结构优势实现高增量利润率，同时管理股数以维持或降低股数，从而最大化自由现金流和每股收益[57][58]。 三、其他重要内容 1. **即将到来的投资者日** - 公司将利用投资者日更新10多年的愿景，这是自IPO以来除季度汇报之外再次全面阐述公司状况和愿景的机会[5]。 2. **客户账户情况** - 公司有2400多万个有资金的客户账户，不同客户有不同需求，这为财富产品等业务的开展提供了基础[38]。 3. **营销预算** - 2024年公司增加了1亿美元的营销预算，并且看好该投入的客户终身价值与客户获取成本之比（LTV to CAC）[50]。

Malka Meyer, a director at Robinhood Markets, Inc. (NASDAQ: HOOD), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).On November 6, 2024, Meyer offloaded a total of 321,218 shares of Robinhood’s Class A Common Stock at an average price of $30.0054, generating approximately $9.64 million in proceeds.Form 4 filing detailing Malka Meyer’s sale of HOOD stock. Source: SECThe following day, on November 7, he sold an additional 105, ...

MENLO PARK, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for October 2024: Funded Customers at the end of October were 24.4 million (up approximately 90 thousand from September 2024, up over one million year-over-year).Assets Under Custody (AUC) at the end of October were $159.7 billion (up 5% from September 2024, up 89% year-over-year). Net Deposits were $5.2 billion in October, translating to a 41% annualized gr ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.After a substantial post earnings drop, Robinhood Markets, Inc. (NASDAQ: NASDAQ: HOOD ) watched its share price skyrocket last week post election. The com ...