Altimeter Capital Management LP Decreases Stock Position in Robinhood Markets, Inc. $HOOD

Key Points

• Altimeter Capital cut its Robinhood stake by 20%, selling 648,582 shares in Q3 and now holds 2,596,875 shares (making HOOD its 7th-largest position and worth about $371.8M on Altimeter's books).
• Institutional involvement remains very high—Vanguard boosted its holding to 94.4M shares and overall hedge fund/institutional ownership is ~93.27%—while insiders have sold ~475,132 shares (~$55.1M) in the past three months, including CEO Vladimir Tenev.
• Operationally Robinhood reported an EPS beat ($0.66 vs. $0.63) with revenue up 26.5% YoY and platform assets rising ~68% to $314.2B, but the stock is volatile and analysts are mixed despite a consensus rating of Moderate Buy (consensus target ~$120.59).

Altimeter Capital Management LP reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 20.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,596,875 shares of the company's stock after selling 648,582 shares during the period. Robinhood Markets makes up 4.9% of Altimeter Capital Management LP's investment portfolio, making the stock its 7th biggest position. Altimeter Capital Management LP owned about 0.29% of Robinhood Markets worth $371,821,000 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. Vanguard Group Inc. increased its stake in Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company's stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares during the last quarter. State Street Corp lifted its stake in Robinhood Markets by 9.2% during the second quarter. State Street Corp now owns 15,870,421 shares of the company's stock worth $1,485,948,000 after purchasing an additional 1,341,204 shares during the last quarter. Norges Bank bought a new stake in Robinhood Markets during the second quarter worth about $973,122,000. Invesco Ltd. boosted its holdings in shares of Robinhood Markets by 25.3% in the 3rd quarter. Invesco Ltd. now owns 6,191,123 shares of the company's stock worth $886,445,000 after purchasing an additional 1,248,590 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Robinhood Markets by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,019,451 shares of the company's stock worth $469,971,000 after purchasing an additional 168,099 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $73.39 on Friday. The business has a 50-day moving average of $91.33 and a 200 day moving average of $113.79. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.Robinhood Markets's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets News Roundup

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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Robinhood Markets from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. Cantor Fitzgerald cut their target price on Robinhood Markets from $130.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, February 17th. KeyCorp reduced their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, February 9th. Mizuho decreased their price target on shares of Robinhood Markets from $135.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Morgan Stanley upped their price objective on shares of Robinhood Markets from $146.00 to $147.00 and gave the company an "equal weight" rating in a research note on Monday, December 22nd. Seventeen research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.59.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total transaction of $754,900.00. Following the sale, the insider owned 452,849 shares of the company's stock, valued at $34,185,571.01. This represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 475,132 shares of company stock worth $55,127,149. 14.47% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.