Thrivent Financial for Lutherans Acquires 163,643 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Thrivent Financial for Lutherans increased its Robinhood stake by 10.4% in the fourth quarter, buying 163,643 more shares and bringing its total holding to 1,733,077 shares valued at about $196 million.
• Insider selling has been notable, including sales by insider Daniel Martin Gallagher Jr. and CEO Vladimir Tenev, with insiders selling 487,907 shares worth $35.4 million over the last 90 days.
• Wall Street remains mixed but generally constructive on Robinhood, with analysts maintaining a consensus “Moderate Buy” rating and an average price target of $107.88 despite some recent target cuts and one downgrade.

Thrivent Financial for Lutherans lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,733,077 shares of the company's stock after purchasing an additional 163,643 shares during the quarter. Thrivent Financial for Lutherans owned 0.19% of Robinhood Markets worth $196,030,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HOOD. Empowered Funds LLC lifted its position in shares of Robinhood Markets by 46.7% in the first quarter. Empowered Funds LLC now owns 49,870 shares of the company's stock worth $2,076,000 after purchasing an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Robinhood Markets in the second quarter worth $5,105,000. Federated Hermes Inc. lifted its position in shares of Robinhood Markets by 106.2% in the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company's stock worth $5,988,000 after purchasing an additional 32,933 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Robinhood Markets by 19.1% in the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company's stock worth $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of Robinhood Markets in the second quarter worth $1,316,000. Institutional investors own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.89, for a total value of $768,900.00. Following the transaction, the insider directly owned 432,849 shares in the company, valued at $33,281,759.61. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $26,186,250. This represents a 50.00% 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. Over the last 90 days, insiders sold 487,907 shares of company stock valued at $35,444,040. Corporate insiders own 14.47% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. 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 report on Monday, April 6th. Wall Street Zen lowered shares of Robinhood Markets from a "hold" rating to a "sell" rating in a research report on Saturday, February 14th. 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 report on Wednesday, April 29th. Citizens Jmp reaffirmed a "market outperform" rating and set a $155.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group dropped their price target on shares of Robinhood Markets from $102.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Robinhood Markets has an average rating of "Moderate Buy" and a consensus target price of $107.88.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood reported April 2026 operating data, giving investors a fresh look at monthly business trends and showing the company is still actively growing its platform. Robinhood Markets, Inc. Reports April 2026 Operating Data
• Positive Sentiment: Robinhood continues to push into private markets with its RVII fund, which could deepen customer engagement and broaden its revenue opportunities beyond stock trading and crypto. Robinhood’s RVII Tests Retail Demand For Private Markets And HOOD Valuation
• Positive Sentiment: A federal judge rejected a bid to block prediction markets in Wisconsin, a favorable sign for Robinhood’s prediction-market-related efforts and broader expansion into event-driven trading products. Federal judge rejects tribe’s bid to oust prediction markets in Wisconsin
• Positive Sentiment: Peer moves in crypto-related stocks and a major crypto bill advancing in Congress reinforced optimism around the sector, which can benefit Robinhood because crypto trading is an important part of its growth story. Coinbase, other stocks surge as major crypto bill advances
• Neutral Sentiment: Articles comparing NMR and HOOD on valuation are largely opinion pieces, but they keep Robinhood in the spotlight as investors debate whether the stock is fairly valued after its run-up. NMR or HOOD: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Commentary that Robinhood’s crypto revenue collapsed but the broader business held up suggests some volatility in the crypto segment, though not necessarily a major threat to the overall investment thesis. Robinhood’s (HOOD) Crypto Revenue Collapsed. The Business Did Not
• Negative Sentiment: One crypto-focused report said Bullish’s earnings fell short as trading weakened, highlighting that crypto activity can be soft across the industry and may pressure brokerage-related crypto revenue at Robinhood. Bullish Earnings Fall Short As Crypto Trading Weakens

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $80.70 on Friday. Robinhood Markets, Inc. has a one year low of $57.68 and a one year high of $153.86. The company has a market cap of $72.67 billion, a P/E ratio of 38.99, a P/E/G ratio of 2.51 and a beta of 2.29. The firm's fifty day moving average price is $76.56 and its two-hundred day moving average price is $99.04.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Robinhood Markets's revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

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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