Sierra Summit Advisors LLC Reduces Stake in Robinhood Markets, Inc. $HOOD

Sierra Summit Advisors LLC trimmed its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 24.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,179 shares of the company’s stock after selling 44,980 shares during the quarter. Robinhood Markets accounts for about 3.0% of Sierra Summit Advisors LLC’s portfolio, making the stock its 5th biggest holding. Sierra Summit Advisors LLC’s holdings in Robinhood Markets were worth $19,928,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cache Advisors LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $773,000. American Century Companies Inc. boosted its stake in shares of Robinhood Markets by 5.7% during the 3rd quarter. American Century Companies Inc. now owns 151,998 shares of the company’s stock worth $21,763,000 after acquiring an additional 8,234 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Robinhood Markets by 10,007.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 260,870 shares of the company’s stock worth $37,351,000 after acquiring an additional 258,289 shares during the last quarter. Landing Point Financial Group LLC acquired a new position in shares of Robinhood Markets in the 3rd quarter worth $286,000. Finally, Harvest Portfolios Group Inc. raised its position in shares of Robinhood Markets by 28.7% during the third quarter. Harvest Portfolios Group Inc. now owns 20,223 shares of the company’s stock worth $2,896,000 after purchasing an additional 4,504 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Crypto-driven intraday rallies lifted expectations for higher trading activity and volume on Robinhood after bitcoin moved higher, helping HOOD bounce on those days. Robinhood (HOOD) Stock Trades Up, Here Is Why
• Positive Sentiment: Robinhood launched a testnet for a new blockchain chain — a strategic move into blockchain infrastructure that could expand future crypto product offerings and revenue streams. Robinhood announces launch of testnet for its brand new chain
• Positive Sentiment: Goldman Sachs adjusted its view citing strong early-year metrics for Robinhood, which supports the narrative that operating momentum (user engagement, new products, international expansion) could re-rate the stock. Goldman Sachs Adjusts Robinhood Markets, Inc. (HOOD) Price Target, Cites Strong Early-Year Metrics
• Neutral Sentiment: Analysis pieces argue Robinhood’s pivot to higher-margin products (pre-IPO access, funds, infrastructure) is underappreciated — a constructive medium-term thesis but not an immediate catalyst. Why The Market Is Missing Robinhood’s High-Margin Makeover
• Neutral Sentiment: Coverage highlights retail-driven volatility and short-term chatter (social / WallStreetBets), which increases trade volume and volatility but does not guarantee sustained direction. Robinhood Stock Climbs Wednesday: What’s Fueling The Move?
• Negative Sentiment: Broad crypto sell-off has been the primary downward driver — weaker crypto trading volumes hit revenue sensitivity and pushed HOOD sharply lower in recent sessions. Crypto Sell-Off Pulls Robinhood Stock Down: Buy Before It Takes Off?
• Negative Sentiment: Macro shock: a hotter-than-expected inflation print revived concern about slower rate cuts, pressuring growth/fintech stocks including HOOD and prompting intraday weakness. Why Robinhood (HOOD) Shares Are Trading Lower Today
• Negative Sentiment: Insider selling (Director Baiju Bhatt sold ~65.7k shares) and analyst price-target trims add to negative sentiment and can cap near-term upside despite positive product news. Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells $4,749,676.20 in Stock

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total value of $4,613,537.40. Following the transaction, the insider directly owned 27,564 shares of the company’s stock, valued at $2,420,394.84. This represents a 65.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $132.26, for a total value of $775,704.90. Following the sale, the chief technology officer directly owned 26,725 shares of the company’s stock, valued at $3,534,648.50. This trade represents a 18.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 640,939 shares of company stock worth $77,553,447. 14.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Barclays dropped their target price on shares of Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target for the company in a research report on Monday, February 9th. 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 research note on Wednesday, February 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.71.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $75.85 on Friday. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The firm has a market cap of $68.29 billion, a PE ratio of 36.82, a P/E/G ratio of 1.53 and a beta of 2.43. The firm’s 50 day moving average price is $99.23 and its two-hundred day moving average price is $115.98.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts anticipate 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.