Ilmarinen Mutual Pension Insurance Co Raises Stock Position in Robinhood Markets, Inc. $HOOD

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its Robinhood stake by 17.6% in the fourth quarter, ending with 120,000 shares valued at about $13.6 million.
• Robinhood continues to attract major institutional interest, with firms like Vanguard and State Street also boosting holdings; overall, 93.27% of the stock is owned by hedge funds and other institutional investors.
• Shares of HOOD were up 11.3% and opened at $84.84, while recent news highlighted new products like “Trump Accounts” and AI-agent trading features that could support future growth, even as insider sales and some regulatory concerns remain in focus.

Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,000 shares of the company's stock after acquiring an additional 18,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Robinhood Markets were worth $13,572,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted 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 in the last quarter. State Street Corp increased its holdings in Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company's stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the period. Jennison Associates LLC increased its holdings in Robinhood Markets by 95.7% in the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company's stock worth $499,001,000 after buying an additional 2,157,372 shares during the period. Northern Trust Corp grew its stake in shares of Robinhood Markets by 48.5% during the 3rd quarter. Northern Trust Corp now owns 6,157,337 shares of the company's stock worth $881,608,000 after purchasing an additional 2,011,820 shares during the period. Finally, Clear Street Group Inc. acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $241,200,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 5,436 shares of Robinhood Markets stock in a transaction on Friday, May 15th. The stock was sold at an average price of $77.36, for a total transaction of $420,528.96. Following the sale, the chief financial officer directly owned 47,311 shares in the company, valued at approximately $3,659,978.96. This trade represents a 10.31% 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 560,765 shares of company stock worth $40,946,840 over the last 90 days. Corporate insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 11.3%

Shares of HOOD opened at $84.84 on Friday. Robinhood Markets, Inc. has a 52-week low of $62.92 and a 52-week high of $153.86. The firm's fifty day moving average is $76.24 and its two-hundred day moving average is $94.51. The stock has a market cap of $76.40 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 2.38 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.37 EPS. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.83 earnings per share for the current year.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood launched a new “Trump Accounts” app tied to the federal program for newborn investment accounts, which could introduce millions of future customers to the platform and deepen its long-term user base. Trump Accounts Are Seeding Robinhood with Millions of Customers
• Positive Sentiment: Robinhood also rolled out AI-agent trading and spending features, letting users connect tools like Claude and Cursor to trade stocks and make credit-card purchases, which investors may see as a product innovation that can drive engagement and account growth. Robinhood stock rises after the company allows AI agents for trading and credit card purchases
• Positive Sentiment: Analysts remained constructive, with Citizens JMP reaffirming an outperform rating and a $155 price target, reinforcing bullish expectations for upside from current levels. Benzinga report on Citizens JMP price target
• Positive Sentiment: Unusually heavy call-option buying suggested traders were positioning for further gains, adding to the momentum behind HOOD.
• Neutral Sentiment: Robinhood said it will present at the Piper Sandler Global Exchange and Fintech Conference on June 4, which keeps the company in front of investors but does not change fundamentals by itself. Robinhood Markets, Inc. to Present at the Piper Sandler Global Exchange and Fintech Conference on June 4, 2026
• Neutral Sentiment: Broader market news showed financial stocks softening late in the day, which may have offset some of HOOD’s gains. Sector Update: Financial Stocks Decline Late Afternoon
• Negative Sentiment: Some coverage raised caution about the new AI-trading tools, citing risks around errors, fraud, and regulation if customers let software trade or spend on their behalf. HOOD Brings AI Agents to Trading and Spending: Opportunity or Risk?

Analysts Set New Price Targets

HOOD has been the subject of several analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Robinhood Markets in a research note on Friday, March 27th. Morgan Stanley decreased their target price 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $110.00 price target on shares of Robinhood Markets in a research note on Wednesday, April 29th. Jefferies Financial Group dropped their price target on shares of Robinhood Markets from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Robinhood Markets from $75.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 29th. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.38.

About Robinhood Markets

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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