Fred Alger Management LLC Reduces Stock Position in Robinhood Markets, Inc. $HOOD

Fred Alger Management LLC cut its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 38.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,107,724 shares of the company’s stock after selling 1,314,524 shares during the quarter. Robinhood Markets makes up approximately 1.2% of Fred Alger Management LLC’s holdings, making the stock its 19th largest holding. Fred Alger Management LLC’s holdings in Robinhood Markets were worth $301,784,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Empowered Funds LLC raised its position in Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after purchasing an additional 15,885 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $338,000. PNC Financial Services Group Inc. grew its position in shares of Robinhood Markets by 32.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 41,475 shares of the company’s stock worth $3,883,000 after buying an additional 10,086 shares during the last quarter. Candriam S.C.A. increased its stake in shares of Robinhood Markets by 12.6% during the second quarter. Candriam S.C.A. now owns 51,052 shares of the company’s stock valued at $4,780,000 after buying an additional 5,710 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Robinhood Markets by 48.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,270,735 shares of the company’s stock valued at $306,239,000 after acquiring an additional 1,073,914 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 3.6%

Shares of HOOD stock opened at $73.39 on Monday. The stock has a market cap of $66.07 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.66 and a beta of 2.47. The business’s fifty day moving average is $91.33 and its 200 day moving average is $113.87. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86.

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

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: February operating metrics show rising engagement: Robinhood reported year-over-year increases in equity and options DARTs and a 68% YoY surge in platform assets to $314.2B, driven by strong deposits and higher trading activity — a signal of durable customer demand and monetization potential. Read More.
• Positive Sentiment: Prediction markets and “SuperApp” strategy are contributing incremental revenue: MarketBeat highlights that prediction-markets revenue is annualizing at about $435M and is embedded in a broader $4.5B revenue base — supporting upside to revenue diversification and long-term growth. Read More.
• Positive Sentiment: Recent quarterly results remained solid: management reported record revenue and EPS beats (referenced in the MarketBeat coverage), reinforcing the case that RH is expanding revenue streams while maintaining profitability metrics. Read More.
• Neutral Sentiment: Analyst price-target reset but upbeat rating: Mizuho trimmed its HOOD PT from $135 to $110 but kept an “outperform” call — the lower target can cap near-term upside while the rating still signals continued analyst conviction. Read More.
• Neutral Sentiment: Market coverage and idea pieces highlight HOOD as a thematic play (prediction markets, retail trading) but note the stock has been volatile and down YTD — themes that attract interest but also keep sentiment mixed. Read More.
• Negative Sentiment: Competitive and valuation pressure vs. larger brokers: comparative analyses (HOOD vs IBKR) argue Interactive Brokers’ diversification and lower valuation may make it the steadier choice if crypto/trading volumes waver — a relative-risk narrative that can weigh on HOOD multiple. Read More.
• Negative Sentiment: Volatility and drawdown risk highlighted: a Forbes analysis reminds investors that HOOD has experienced large drawdowns in systemic shocks (~-37% average), underscoring the stock’s sensitivity to market stress and crypto turbulence. That risk premium can pressure the share price in uncertain markets. Read More.

Insider Buying and Selling at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction dated Monday, January 26th. The shares were 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 in the company, valued at $981,614.84. This trade represents a 39.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Quirk sold 52,540 shares of Robinhood Markets stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the transaction, the insider directly owned 27,564 shares of the company’s stock, valued at approximately $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 475,132 shares of company stock valued at $55,127,149 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOOD. Morgan Stanley raised their price target on Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Needham & Company LLC reduced their price objective on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Piper Sandler decreased their price objective on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Bank of America dropped their target price on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Finally, KeyCorp cut their target price on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.59.

Robinhood Markets 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.