Sumitomo Mitsui Trust Group Inc. Sells 962,171 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Sumitomo Mitsui Trust Group cut its Robinhood stake by 13.5%, selling 962,171 shares and now owns 6,180,596 shares (about 0.69% of the company) valued at roughly $699 million.
• Significant insider selling occurred last quarter — insiders sold 469,239 shares (~$34.2 million), including CEO Vladimir Tenev's 375,000‑share sale — though many trades were executed under pre‑arranged Rule 10b5‑1 plans.
• Analyst sentiment is mixed: several firms trimmed targets (e.g., Morgan Stanley cut $147→$95; Zacks moved to "strong sell"), but the consensus remains a Moderate Buy with a $110.25 price target.

Sumitomo Mitsui Trust Group Inc. lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,180,596 shares of the company's stock after selling 962,171 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.69% of Robinhood Markets worth $699,025,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Caisse Des Depots ET Consignations acquired a new position in Robinhood Markets in the 3rd quarter worth $3,984,000. Aberdeen Group plc boosted its stake in Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company's stock worth $26,565,000 after purchasing an additional 157,643 shares during the period. Jennison Associates LLC acquired a new position in Robinhood Markets in the 3rd quarter worth $322,823,000. NEOS Investment Management LLC acquired a new position in Robinhood Markets in the 3rd quarter worth $11,994,000. Finally, New York Life Investment Management LLC acquired a new position in Robinhood Markets in the 3rd quarter worth $14,989,000. Institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 442,849 shares in the company, valued at $30,933,002.65. This represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $107.48, for a total transaction of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares of the company's stock, valued at approximately $981,614.84. This represents a 39.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 469,239 shares of company stock valued at $34,161,725. Corporate insiders own 14.47% of the company's stock.

Analysts Set New Price Targets

HOOD has been the subject of a number of research analyst reports. Zacks Research lowered shares of Robinhood Markets from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Morgan Stanley reduced 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. Sanford C. Bernstein reduced their target price on shares of Robinhood Markets from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Compass Point reissued a "buy" rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group cut their price objective on shares of Robinhood Markets from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus price target of $110.25.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood was selected (with BNY Mellon) to run the U.S. Treasury "Trump Accounts" child savings program — a potential long‑term customer acquisition and recurring deposit channel that could boost assets and engagement. Robinhood, BNY Win Trump Accounts
• Positive Sentiment: ARK Invest / Cathie Wood bought HOOD shares (reported multi‑million dollar purchase), a visible institutional endorsement that can support sentiment and trading flows. Cathie Wood Buys Trending Tech Stocks
• Neutral Sentiment: Keefe, Bruyette & Woods initiated coverage on HOOD with a "market perform" rating and a $75 target — adds another sell‑side reference point but is not strongly bullish. KBW Coverage
• Neutral Sentiment: Industry reviews and Q4 rundowns compare Robinhood with fintech peers; these pieces help frame near‑term performance expectations but don't change fundamentals immediately. Q4 Rundown: Robinhood Vs Peers
• Negative Sentiment: Major price‑target cuts and cautious notes: Morgan Stanley cut its target from $147 to $95 and moved to "equal weight," while multiple other brokers trimmed targets — analyst downgrades and lower targets pressure sentiment and reduce upside expectations. Morgan Stanley Price Target Cut
• Negative Sentiment: Zacks Research downgraded HOOD from "hold" to "strong sell," adding a firm‑level negative recommendation into the market narrative. Zacks Downgrade
• Negative Sentiment: Significant insider selling: CEO Vladimir Tenev sold 375,000 shares, CTO Jeffrey Pinner sold ~5,835 shares, and director Daniel Gallagher sold 10,000 shares under Rule 10b5‑1 plans. The scale of sales is weighing on sentiment even if pre‑arranged. Tenev SEC Filing Pinner SEC Filing
• Negative Sentiment: Legal / third‑party risk: coverage on Robinhood's exposure to Kalshi (a prediction‑markets platform facing state bans and criminal charges) highlights potential regulatory and reputational risk. Kalshi Risk Coverage

Robinhood Markets Price Performance

Robinhood Markets stock opened at $69.19 on Friday. The firm has a 50-day moving average of $75.27 and a 200-day moving average of $107.93. Robinhood Markets, Inc. has a one year low of $39.21 and a one year high of $153.86. The company has a market cap of $62.29 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 1.68 and a beta of 2.46.

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

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.

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