Convergence Investment Partners LLC Trims Stock Position in Robinhood Markets, Inc. $HOOD

Convergence Investment Partners LLC decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 51.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,076 shares of the company’s stock after selling 10,509 shares during the quarter. Convergence Investment Partners LLC’s holdings in Robinhood Markets were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Valley National Advisers Inc. raised its holdings in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC increased its position in Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Robinhood Markets in the third quarter worth about $29,000. Chung Wu Investment Group LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at about $34,000. Finally, North Star Investment Management Corp. grew its stake in shares of Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. The Goldman Sachs Group restated a “buy” rating on shares of Robinhood Markets in a research report on Monday, January 5th. Zacks Research downgraded shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Truist Financial began coverage on Robinhood Markets in a report on Wednesday, December 17th. They set a “buy” rating and a $155.00 price target on the stock. Finally, KeyCorp upped their price objective on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $136.62.

Robinhood Markets News Summary

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

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,853,425 shares of company stock worth $354,452,058 over the last three months. 19.95% of the stock is owned by company insiders.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $99.48 on Monday. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The business has a 50 day simple moving average of $118.03 and a two-hundred day simple moving average of $119.99. The stock has a market capitalization of $89.45 billion, a PE ratio of 41.28, a P/E/G ratio of 1.55 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned $0.17 EPS. The company’s quarterly revenue was up 100.0% compared to the same quarter last year. On average, 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.