BLKBRD Asset Management LP Trims Stock Position in Robinhood Markets, Inc. $HOOD

BLKBRD Asset Management LP lessened its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 71.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,488 shares of the company’s stock after selling 81,508 shares during the quarter. Robinhood Markets comprises about 4.9% of BLKBRD Asset Management LP’s holdings, making the stock its 14th largest position. BLKBRD Asset Management LP’s holdings in Robinhood Markets were worth $3,674,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its position in Robinhood Markets by 223.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 698 shares of the company’s stock valued at $79,000 after purchasing an additional 482 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $3,955,000. Rakuten Investment Management Inc. raised its position in Robinhood Markets by 476.8% in the fourth quarter. Rakuten Investment Management Inc. now owns 101,281 shares of the company’s stock valued at $11,893,000 after purchasing an additional 83,723 shares during the period. L2 Asset Management LLC raised its position in Robinhood Markets by 4.2% in the fourth quarter. L2 Asset Management LLC now owns 6,100 shares of the company’s stock valued at $690,000 after purchasing an additional 244 shares during the period. Finally, Cynosure Group LLC grew its stake in shares of Robinhood Markets by 22.4% in the fourth quarter. Cynosure Group LLC now owns 27,326 shares of the company’s stock worth $3,091,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the completion of the transaction, the insider owned 432,849 shares in the company, valued at approximately $33,281,759.61. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka purchased 250,000 shares of Robinhood Markets stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the transaction, the director owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. 19.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. New Street Research set a $122.00 price target on shares of Robinhood Markets in a research note on Thursday, March 5th. Morgan Stanley dropped their price target on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Saturday. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.73.

Robinhood Markets Trading Down 1.4%

Shares of HOOD stock opened at $96.71 on Wednesday. The firm has a fifty day moving average price of $81.23 and a 200 day moving average price of $91.67. The company has a market cap of $87.09 billion, a P/E ratio of 46.72, a PEG ratio of 2.45 and a beta of 2.35. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood announced it will reduce its full-time workforce by roughly 10% (about 290 jobs), a move framed as streamlining operations and flattening management layers, which investors may see as margin-supportive. The subtext of Robinhood’s layoff memo: It’s not us, it’s you
• Positive Sentiment: Media coverage highlighted Robinhood’s record trading traffic and new IPO-related business, reinforcing the idea that the platform is benefiting from stronger engagement and a broader product set. Robinhood Stock In Focus: Record SpaceX Traffic, New IPO Business, World Cup Bets
• Positive Sentiment: Analysts and commentators continue to point to prediction markets as a potential growth engine, with some estimating a large revenue boost tied to World Cup-related betting activity. Thanks to the World Cup, Robinhood’s 2026 prediction markets revenue could skyrocket
• Neutral Sentiment: Brokerage sentiment remains constructive overall, with Robinhood still carrying a consensus “Moderate Buy” rating, which supports the stock but is not a fresh catalyst. Robinhood Markets, Inc. Given Consensus Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Recent insider sales by CFO Shiv Verma and director Baiju Bhatt may create some caution, even though both transactions were made under pre-arranged trading plans. SEC filing for Shiv Verma sale SEC filing for Baiju Bhatt sale

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.