Fred Alger Management LLC Lowers Stake in Robinhood Markets, Inc. $HOOD

Fred Alger Management LLC reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 38.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,107,724 shares of the company’s stock after selling 1,314,524 shares during the period. Robinhood Markets makes up 1.2% of Fred Alger Management LLC’s investment portfolio, making the stock its 19th biggest position. Fred Alger Management LLC owned about 0.23% of Robinhood Markets worth $301,784,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOOD. North Star Investment Management Corp. raised its position in Robinhood Markets by 44.9% during the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares in the last quarter. First Command Advisory Services Inc. lifted its stake in Robinhood Markets by 33.8% during the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC boosted its holdings in shares of Robinhood Markets by 3.8% in the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Robinhood Markets by 5.5% in the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after purchasing an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HOOD. Mizuho dropped their target price on Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday. New Street Research set a $122.00 price target on shares of Robinhood Markets in a research report on Thursday, March 5th. Zacks Research downgraded shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Needham & Company LLC lowered their price objective on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Truist Financial cut their price objective on shares of Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.59.

Key Headlines Impacting 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.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $73.39 on Monday. The business has a 50-day moving average of $91.33 and a 200 day moving average of $113.87. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The stock has a market capitalization of $66.07 billion, a PE ratio of 35.63, a P/E/G ratio of 1.66 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In related news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company’s stock in a transaction 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 sale, the chief technology officer directly owned 9,133 shares in the company, valued at $981,614.84. This represents a 39.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven M. Quirk sold 52,540 shares of the stock in a transaction on 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 sale, the insider directly owned 27,564 shares of the company’s stock, valued at $2,420,394.84. The trade was a 65.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 475,132 shares of company stock worth $55,127,149 over the last ninety days. Company insiders own 19.95% of the company’s stock.

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.