WT Asset Management Ltd Sells 471,500 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• WT Asset Management cut its Robinhood stake by 52.4% in Q4, selling 471,500 shares and retaining 428,100 shares worth about $48.42 million (≈1.9% of its portfolio, its 22nd-largest holding).
• Significant insider selling has occurred recently—insiders sold 540,476 shares (~$40.3M) in the last 90 days, including Baiju Bhatt (57,261 shares at $86.38) and Daniel Gallagher Jr. (10,000 shares at $69.85); insiders still own 14.47% of the stock.
• Market context: institutional ownership is high (93.27%), analysts give a consensus "Moderate Buy" with an average target of $111.08, and HOOD was trading near $84.71 with a market cap of about $76.3B and a P/E of 41.1.

WT Asset Management Ltd lessened its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 428,100 shares of the company's stock after selling 471,500 shares during the quarter. Robinhood Markets makes up about 1.9% of WT Asset Management Ltd's portfolio, making the stock its 22nd biggest position. WT Asset Management Ltd's holdings in Robinhood Markets were worth $48,418,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company's stock worth $13,521,497,000 after purchasing an additional 18,824,923 shares in the last quarter. State Street Corp lifted its position in Robinhood Markets by 103.2% during 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 in the last quarter. Invesco Ltd. boosted its stake in shares of Robinhood Markets by 25.3% during the 3rd quarter. Invesco Ltd. now owns 6,191,123 shares of the company's stock worth $886,445,000 after buying an additional 1,248,590 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Robinhood Markets by 48.5% in the 3rd quarter. Northern Trust Corp now owns 6,157,337 shares of the company's stock valued at $881,608,000 after acquiring an additional 2,011,820 shares in the last quarter. Finally, Amundi increased its position in shares of Robinhood Markets by 10.6% in the third quarter. Amundi now owns 4,592,764 shares of the company's stock valued at $662,552,000 after acquiring an additional 440,899 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm's 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 sale, the insider owned 442,849 shares in the company, valued at approximately $30,933,002.65. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,261 shares of Robinhood Markets stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $86.38, for a total transaction of $4,946,205.18. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 540,476 shares of company stock valued at $40,299,967. 14.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HOOD. Citizens Jmp decreased their price target on Robinhood Markets from $180.00 to $155.00 and set a "market outperform" rating for the company in a research note on Friday, April 10th. Sanford C. Bernstein reissued an "outperform" rating and issued a $130.00 price objective on shares of Robinhood Markets in a report on Tuesday, April 14th. Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a report on Wednesday, April 8th. They set a "market perform" rating and a $75.00 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Robinhood Markets in a research report on Friday, March 27th. Finally, Wolfe Research upgraded shares of Robinhood Markets from a "peer perform" rating to an "outperform" rating and set a $125.00 price target for the company in a research note on Monday, February 9th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $111.08.

Robinhood Markets News Summary

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

• Positive Sentiment: Singapore expansion — Robinhood secured in‑principle approval from Singapore regulators to operate a brokerage and is rolling out a Ventures/private-markets initiative that could broaden revenue and product diversity in APAC. Read More.
• Positive Sentiment: Analyst upgrade/market interest — an analyst upgrade and related coverage have driven increased searches and short‑term buying interest, supporting intraday upside. Read More.
• Positive Sentiment: Cantor Fitzgerald bullish call — at least one sell‑side shop remains constructive on HOOD’s medium‑term upside, providing conviction for some investors. Read More.
• Neutral Sentiment: Heightened attention/earnings focus — Zacks and other outlets note heavy investor interest and preview Q1 results due April 28, which is increasing volatility but not providing a clear directional signal. Read More.
• Neutral Sentiment: Earnings preview uncertainty — analysts are split on Q1, so short‑term swings may continue until the earnings release. Read More.
• Negative Sentiment: Regulatory/legal risk — the Wisconsin DOJ sued five prediction‑market operators, including Robinhood, alleging their sports‑based contracts amount to illegal gambling; this introduces legal uncertainty and potential compliance costs. Read More.
• Negative Sentiment: Price-target cut from JPMorgan — JPMorgan trimmed its target (from $113 to $92) and moved to Neutral, which can reduce buy‑side conviction and near‑term upside. Read More.
• Negative Sentiment: Insider selling and lowered expectations — reports of insider sales and some firms (e.g., KeyCorp) lowering forecasts add selling pressure and raise questions about near‑term momentum. Read More. Read More.

Robinhood Markets Stock Up 1.4%

HOOD opened at $84.71 on Friday. Robinhood Markets, Inc. has a 12-month low of $45.56 and a 12-month high of $153.86. The business has a 50 day moving average of $76.06 and a 200-day moving average of $104.55. The stock has a market cap of $76.27 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 2.48 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $1.01 EPS. The firm's revenue was up 26.5% compared to the same quarter last year. As a group, analysts expect that Robinhood Markets, Inc. will post 1.97 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.

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.