State of Alaska Department of Revenue Acquires New Position in Robinhood Markets, Inc. $HOOD

State of Alaska Department of Revenue bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, Holdings Channel reports. The firm bought 83,250 shares of the company’s stock, valued at approximately $11,919,000.

A number of other hedge funds also recently added to or reduced their stakes in HOOD. Coordinated Financial Services Inc. acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $403,000. Venture Visionary Partners LLC raised its holdings in Robinhood Markets by 63.0% during the second quarter. Venture Visionary Partners LLC now owns 125,420 shares of the company’s stock worth $11,743,000 after purchasing an additional 48,494 shares during the last quarter. Swedbank AB boosted its position in Robinhood Markets by 15.7% during the first quarter. Swedbank AB now owns 298,931 shares of the company’s stock worth $12,442,000 after purchasing an additional 40,496 shares in the last quarter. Wedmont Private Capital increased its position in shares of Robinhood Markets by 102.9% in the second quarter. Wedmont Private Capital now owns 25,206 shares of the company’s stock valued at $2,383,000 after buying an additional 12,782 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Robinhood Markets in the third quarter valued at $2,375,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 1,330,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $128.47, for a total transaction of $170,865,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total value of $15,855,600.00. Following the completion of the transaction, the insider owned 430,012 shares of the company’s stock, valued at $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,296,763 shares of company stock worth $414,016,996. 14.47% of the stock is owned by company insiders.

Key Robinhood Markets News

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

• Positive Sentiment: Argus initiated coverage with a Buy and $145 price target (roughly mid‑teens upside vs. current levels), providing fresh analyst support for the bullish case. Argus initiates coverage
• Positive Sentiment: Barclays kept an “Overweight” stance while trimming its target to $159 — still signaling sizeable upside and institutional confidence in growth prospects. Barclays lowers target to $159
• Positive Sentiment: High‑profile media/analyst notes (including Jim Cramer and Zacks pieces) are highlighting HOOD as a longer‑term growth story and as a momentum/crypto‑exposure play, which can support retail interest and trading volumes. Jim Cramer bullish on Robinhood
• Neutral Sentiment: Institutional positioning shows active adjustments (e.g., Nordea and others buying small additional stakes), leaving ownership high (~93% institutional) — this can amplify both upside and downside moves depending on flow.
• Negative Sentiment: Large insider selling: CEO Vladimir Tenev sold 375,000 shares (~$45.6M), CTO Jeffrey Pinner sold 5,864 shares, and another senior insider sold 10,000 shares — big disclosed sales that typically weigh on near‑term sentiment. CEO Form 4 CTO Form 4
• Negative Sentiment: Zacks downgraded HOOD from “strong‑buy” to “hold,” a move that can prompt momentum‑based selling and reduce near‑term buy pressure from retail/quant strategies. Zacks downgrade
• Negative Sentiment: Escalating legal dispute reported with Native American groups over prediction market activity introduces litigation and regulatory risk that could produce headlines and potential costs. Legal escalation report

Wall Street Analysts Forecast Growth

HOOD has been the topic of several recent research reports. KeyCorp boosted their price objective on shares of Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Piper Sandler restated an “overweight” rating on shares of Robinhood Markets in a research report on Monday. Loop Capital set a $152.00 price target on shares of Robinhood Markets in a research report on Thursday, December 11th. Argus initiated coverage on shares of Robinhood Markets in a research note on Friday. They set a “buy” rating and a $145.00 price objective for the company. Finally, Compass Point restated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $136.62.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $115.27 on Friday. The company has a 50-day simple moving average of $123.32 and a 200-day simple moving average of $118.03. The company has a market cap of $103.65 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.75 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 earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s revenue was up 100.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 earnings per share. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

About Robinhood Markets

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.