Robinhood Markets, Inc. $HOOD Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Robinhood stake by 94.1% in the second quarter, selling 117,196 shares and retaining 7,298 shares valued at approximately $732,000.
• Institutional investors and hedge funds own 93.27% of HOOD, with several major firms—including State Street, Geode Capital and Amundi—adding to their positions.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $130.88; Robinhood also exceeded quarterly earnings and revenue estimates, reporting $0.62 EPS and $1.31 billion in revenue.

Engineers Gate Manager LP cut its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 94.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,298 shares of the company's stock after selling 117,196 shares during the period. Engineers Gate Manager LP's holdings in Robinhood Markets were worth $732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Robinhood Markets by 2.7% during the 4th quarter. State Street Corp now owns 33,121,452 shares of the company's stock worth $3,746,036,000 after purchasing an additional 875,297 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Robinhood Markets by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company's stock worth $2,386,944,000 after purchasing an additional 356,902 shares in the last quarter. Norges Bank purchased a new position in Robinhood Markets in the fourth quarter valued at $1,202,160,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Robinhood Markets by 10.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company's stock valued at $472,141,000 after buying an additional 632,403 shares during the last quarter. Finally, Amundi raised its stake in Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after buying an additional 3,007,103 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays decreased their price target on Robinhood Markets from $122.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Jefferies Financial Group increased their price objective on Robinhood Markets from $127.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, September 8th. Citizens Jmp raised their target price on Robinhood Markets from $155.00 to $165.00 and gave the stock a "market outperform" rating in a research report on Friday, September 11th. Loop Capital set a $142.00 target price on Robinhood Markets in a research note on Tuesday, September 8th. Finally, Benchmark raised Robinhood Markets to a "strong-buy" rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $130.88.

Robinhood Markets News Summary

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

• Positive Sentiment: The SEC created a temporary, five-year pathway for qualifying platforms to trade certain tokenized U.S. stocks, provided investors retain traditional shareholder rights and issuers can object. The framework could support Robinhood’s strategy of bringing stock trading onchain and closer to 24/7 availability. SEC clears path for tokenized stocks
• Positive Sentiment: Robinhood CEO Vlad Tenev said “tokenization is coming to America,” reinforcing management’s commitment to the emerging market after the SEC decision. A successful U.S. rollout could create new trading, custody and digital-asset revenue opportunities. Robinhood CEO discusses tokenization
• Positive Sentiment: Traders bought approximately 345,561 HOOD call options, about 19% above typical daily call volume. The activity suggests increased bullish positioning, although options flows can also amplify volatility.
• Positive Sentiment: Zacks said the SEC action gives Robinhood a potential U.S. tokenized-stock pathway, while Needham recently raised its price target to $123 from $120 and maintained a Buy rating. Zacks tokenized-stock analysis
• Neutral Sentiment: Robinhood executive Abhishek Fatehpuria is scheduled to discuss the company’s strategy for attracting modern financial consumers at TechCrunch Disrupt 2026. The event may provide business updates, but no material announcement was reported yet. Fatehpuria at TechCrunch Disrupt
• Neutral Sentiment: CFO Shiv Verma sold 11,472 shares worth about $1.27 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his direct holdings by 16.79%, but its scheduled nature limits its value as a bearish signal. Robinhood CFO SEC filing

Insider Buying and Selling

In other news, insider Daniel Gallagher, Jr. sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $122.43, for a total value of $1,224,300.00. Following the transaction, the insider owned 509,943 shares of the company's stock, valued at approximately $62,432,321.49. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Quirk sold 24,416 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the sale, the insider owned 77,839 shares of the company's stock, valued at $9,366,366.87. This trade represents a 23.88% 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. In the last ninety days, insiders sold 621,121 shares of company stock worth $69,944,686. 13.48% of the stock is currently owned by insiders.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $119.82 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $107.73 billion, a PE ratio of 52.78, a P/E/G ratio of 2.39 and a beta of 2.34. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The firm's fifty day moving average is $103.38 and its two-hundred day moving average is $91.02.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business's quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Analysts expect that Robinhood Markets, Inc. will post 2.15 earnings per share for the current year.

Robinhood Markets Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.

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.