Picton Mahoney Asset Management Sells 42,032 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Picton Mahoney cut its stake in Robinhood by 45.9%, selling 42,032 shares and finishing the quarter with 49,561 shares worth $7.096 million.
• Large institutions remain dominant—most notably Vanguard (now 94,437,054 shares valued at ~$13.52 billion)—with hedge funds and other institutional investors owning about 93.27% of HOOD.
• Shares jumped roughly 8% after a quarterly EPS beat ( $0.66 vs. $0.63) and positive product news (Platinum card, "super‑app" initiatives); analysts keep a "Moderate Buy" consensus (avg. target $121.71) even as insiders have been net sellers (~471k shares in the last three months).

Picton Mahoney Asset Management decreased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 45.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,561 shares of the company's stock after selling 42,032 shares during the period. Picton Mahoney Asset Management's holdings in Robinhood Markets were worth $7,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. 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. Geode Capital Management LLC lifted its stake in Robinhood Markets by 4.0% during the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company's stock worth $1,233,840,000 after purchasing an additional 507,926 shares during the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets in the 2nd quarter worth about $973,122,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Robinhood Markets by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,019,451 shares of the company's stock valued at $469,971,000 after purchasing an additional 168,099 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Trading Up 8.1%

Shares of NASDAQ:HOOD opened at $82.21 on Thursday. The company has a 50-day moving average price of $96.71 and a 200-day moving average price of $115.30. The company has a market cap of $74.01 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 1.54 and a beta of 2.47. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results 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. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $1.01 EPS. Robinhood Markets's revenue was up 26.5% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the business's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $132.26, for a total transaction of $775,704.90. Following the transaction, the chief technology officer directly owned 26,725 shares of the company's stock, valued at approximately $3,534,648.50. The trade was a 18.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 52,540 shares of the company's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the transaction, the insider owned 27,564 shares of the company's stock, valued at $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 470,997 shares of company stock valued at $55,147,954 over the last three months. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood launched a new premium Platinum credit card aimed at high‑income customers, signaling a push to win affluent clients and capture more consumer wallet share; this expands revenue potential beyond trading. Robinhood targets wealthy customers with new Platinum credit card
• Positive Sentiment: The company is unveiling multiple new products at a high‑profile launch event (JFK), which has generated positive investor buzz and helped lift the stock as traders anticipate new monetization paths. Robinhood Stock Takes Flight Ahead of Product Launch Event
• Positive Sentiment: Robinhood is piloting an advisor referral network and articulating a “financial super app” strategy (banking, investing, AI tools), which, if executed, could increase customer lifetime value and diversify fee streams. Robinhood Tests Advisor Network As Super App Vision Shapes Growth Story
• Positive Sentiment: Cryptocurrency price recovery (notably Bitcoin) boosted crypto‑related securities and trading activity, providing a short‑term tailwind to Robinhood’s transaction revenue and driving intraday gains. Why Are Robinhood (HOOD) Shares Soaring Today
• Positive Sentiment: High‑profile endorsements and bullish commentary (e.g., Jim Cramer) are amplifying investor optimism about Robinhood’s long‑term position in retail finance and its product roadmap. Jim Cramer on Robinhood: “They Own the Future”
• Neutral Sentiment: Robinhood is attracting heightened retail and media attention (noted by outlets like Zacks), which increases trading volume and volatility but is not a direct fundamental driver. Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Negative Sentiment: Execution and competition risk: the premium credit card and super‑app moves put Robinhood up against entrenched players (AmEx, JPMorgan, established RIA channels); failure to attract wealthy customers or monetize new services would pressure expectations. Robinhood launches new platinum credit card aimed at wealthy customers

Analyst Ratings Changes

HOOD has been the subject of a number of recent research reports. Barclays dropped their target price on Robinhood Markets from $159.00 to $124.00 and set an "overweight" rating for the company in a research report on Wednesday, February 11th. The Goldman Sachs Group decreased their price target on shares of Robinhood Markets from $152.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, February 11th. Cantor Fitzgerald cut their price objective on shares of Robinhood Markets from $130.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, February 17th. Compass Point reiterated a "buy" rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Finally, Loop Capital set a $130.00 price target on shares of Robinhood Markets in a research note on Monday, February 9th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.71.

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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