Thrivent Financial for Lutherans Has $224.71 Million Stake in Robinhood Markets, Inc. $HOOD

Thrivent Financial for Lutherans raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 31.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,569,434 shares of the company’s stock after acquiring an additional 376,544 shares during the period. Thrivent Financial for Lutherans owned about 0.18% of Robinhood Markets worth $224,712,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC acquired a new position in Robinhood Markets during the 3rd quarter worth $322,823,000. Coordinated Financial Services Inc. acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at $403,000. Allstate Corp bought a new stake in shares of Robinhood Markets during the third quarter worth $3,860,000. New Wave Wealth Advisors LLC lifted its stake in shares of Robinhood Markets by 479.4% during the third quarter. New Wave Wealth Advisors LLC now owns 13,331 shares of the company’s stock valued at $1,909,000 after acquiring an additional 11,030 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Robinhood Markets by 8.5% in the third quarter. Asset Management One Co. Ltd. now owns 304,424 shares of the company’s stock valued at $43,587,000 after acquiring an additional 23,737 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on HOOD shares. Bank of America dropped their price objective on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. CICC Research started coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 price target for the company. KeyCorp raised their price objective on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 target price on shares of Robinhood Markets in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.62.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Cantor Fitzgerald upgraded HOOD to a stronger buy, adding institutional endorsement that can attract model‑driven flows and support the stock. Cantor Fitzgerald Upgrade
• Positive Sentiment: Needham & Company reiterated a “Buy” rating, reaffirming Wall Street support and a constructive view on growth and margins. Needham Reiterates Buy
• Positive Sentiment: Reports say the U.S. government is considering Robinhood to help oversee millions of proposed “Trump accounts” for kids — a potential large, recurring services relationship if selected. Reuters: US Mulls Tapping Robinhood
• Positive Sentiment: Argus and other outlets are publishing bullish takes, reinforcing a constructive analyst narrative that can help sentiment. Argus Bullish
• Neutral Sentiment: CEO outlined steps to avoid another GameStop‑style trading halt, reducing operational/liquidity risk if implemented — a governance/operations positive but not an immediate revenue driver. CEO Halts Plan
• Neutral Sentiment: Coverage highlights Robinhood’s push into prediction markets (new revenue stream) and regulatory attention that could bring both rule clarity and compliance costs; long‑term upside but execution‑dependent. Prediction Markets Coverage
• Negative Sentiment: CTO Jeffrey Pinner sold 5,864 shares (disclosed Form 4), a notable insider sale that can create short‑term selling pressure and raise questions about timing/motivation. Insider Sale Filing
• Negative Sentiment: Commentary and data points show HOOD has proved volatile and recently fell more than the broader market, underscoring sensitivity to news and high beta risk for momentum‑driven investors. Zacks Volatility Note

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.58, for a total value of $1,215,800.00. Following the transaction, the insider owned 403,612 shares of the company’s stock, valued at approximately $49,071,146.96. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the transaction, the chief technology officer owned 9,133 shares of the company’s stock, valued at $981,614.84. This trade represents a 39.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,878,425 shares of company stock valued at $358,100,808 in the last quarter. 14.47% of the stock is owned by company insiders.

Robinhood Markets Trading Down 1.7%

Shares of Robinhood Markets stock opened at $99.48 on Friday. The stock’s fifty day simple moving average is $118.03 and its 200 day simple moving average is $119.87. The company has a market capitalization of $89.45 billion, a PE ratio of 41.28, a PEG ratio of 1.58 and a beta of 2.44. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. Analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Robinhood Markets Company 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.