Assetmark Inc. Has $14.98 Million Stock Position in Robinhood Markets, Inc. $HOOD

Key Points

• Assetmark Inc. cut its stake in Robinhood by 9.6% to 132,448 shares, a position valued at $14.98 million after selling 14,125 shares in Q4.
• Insiders have been net sellers recently: CEO Vladimir Tenev sold 375,000 shares for about $26.19 million, and insiders disposed of 469,239 shares (~$34.16 million) over the past 90 days.
• Near-term drivers are mixed: the SEC’s removal of the $25,000 pattern-day-trader rule may boost retail trading and revenue, while Charles Schwab’s launch of direct BTC/ETH trading represents a direct competitive threat to Robinhood’s crypto business.

Assetmark Inc. lessened its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,448 shares of the company's stock after selling 14,125 shares during the quarter. Assetmark Inc.'s holdings in Robinhood Markets were worth $14,980,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. HBW Advisory Services LLC lifted its stake in shares of Robinhood Markets by 22.3% in the 4th quarter. HBW Advisory Services LLC now owns 3,732 shares of the company's stock valued at $422,000 after acquiring an additional 681 shares during the last quarter. RFG Holdings Inc. boosted its stake in shares of Robinhood Markets by 1.3% during the fourth quarter. RFG Holdings Inc. now owns 25,158 shares of the company's stock valued at $2,845,000 after purchasing an additional 329 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Robinhood Markets by 7.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 41,141 shares of the company's stock worth $4,653,000 after purchasing an additional 2,837 shares during the last quarter. Choreo LLC grew its holdings in shares of Robinhood Markets by 1.6% during the fourth quarter. Choreo LLC now owns 17,805 shares of the company's stock worth $2,056,000 after purchasing an additional 272 shares during the last quarter. Finally, Dara Capital US Inc. acquired a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $241,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: SEC removes the $25,000 pattern-day-trader requirement — this regulatory change should expand active trading among smaller retail accounts and directly benefits Robinhood’s core user base, supporting higher engagement, margin use and revenue potential. SEC Rule Change Explained
• Positive Sentiment: Analyst and market support — Goldman and other outlets flagged that the rule change should be a tailwind for Robinhood; Sanford C. Bernstein reaffirmed an Outperform rating, adding institutional validation to the bull case. Goldman on Robinhood Bernstein Reaffirmation
• Positive Sentiment: Retail flow and derivatives positioning — heavy call-option buying and a Bitcoin rally earlier in the week drove trading volume and hedging flows that benefited commission- and crypto-linked revenue for Robinhood. Bitcoin and Trading Activity
• Neutral Sentiment: Macro tech rally provides a tailwind — broad market strength (S&P 500, Nasdaq at highs) has helped lift HOOD alongside other large tech names, but this is a general support rather than company-specific news. Market Rally Coverage
• Neutral Sentiment: Prediction-market developments — stories about prediction markets (Schwab exploration and legal actions) are interesting for market structure but have unclear direct impact on Robinhood today. Schwab Prediction Markets
• Negative Sentiment: Charles Schwab launching direct Bitcoin and Ethereum trading — Schwab Crypto will let clients trade BTC/ETH alongside brokerage accounts with low fees and 24/7 service; that is a direct competitive threat to Robinhood’s crypto franchise and is cited as a near-term catalyst for the stock’s pullback. Schwab Crypto Launch Coverage: Schwab Impact on HOOD

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 375,000 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the sale, the chief executive officer owned 375,000 shares of the company's stock, valued at $26,186,250. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.85, for a total transaction of $698,500.00. Following the completion of the sale, the insider owned 442,849 shares of the company's stock, valued at $30,933,002.65. This represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 469,239 shares of company stock valued at $34,161,725 over the last 90 days. 14.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Robinhood Markets from a "peer perform" rating to an "outperform" rating and set a $125.00 price objective for the company in a report on Monday, February 9th. Weiss Ratings restated a "hold (c)" rating on shares of Robinhood Markets in a research report on Friday, March 27th. 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. Barclays cut their price target on shares of Robinhood Markets from $124.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Finally, Mizuho reduced their price objective 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, March 13th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $109.42.

Robinhood Markets Trading Down 0.5%

Shares of HOOD opened at $86.85 on Friday. The firm's fifty day simple moving average is $75.16 and its two-hundred day simple moving average is $106.86. Robinhood Markets, Inc. has a 12 month low of $39.21 and a 12 month high of $153.86. The stock has a market capitalization of $78.19 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 2.54 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm's revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.

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