Convergence Investment Partners LLC Sells 10,509 Shares of Robinhood Markets, Inc. $HOOD

Convergence Investment Partners LLC trimmed its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 51.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,076 shares of the company’s stock after selling 10,509 shares during the period. Convergence Investment Partners LLC’s holdings in Robinhood Markets were worth $1,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HOOD. Valley National Advisers Inc. boosted its position in Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $29,000. Chung Wu Investment Group LLC purchased a new position in Robinhood Markets during the third quarter valued at $34,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of several research reports. JMP Securities increased their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. Loop Capital set a $152.00 price objective on shares of Robinhood Markets in a report on Thursday, December 11th. KeyCorp lifted their target price on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citizens Jmp upped their price target on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research note on Friday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Robinhood Markets in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.62.

Robinhood Markets Trading Down 1.7%

Shares of HOOD opened at $99.48 on Monday. The company has a market cap of $89.45 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 1.55 and a beta of 2.44. The business’s fifty day simple moving average is $118.03 and its two-hundred day simple moving average is $119.99. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 100.0% on a year-over-year basis. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Cantor Fitzgerald upgraded HOOD to a stronger buy, adding institutional endorsement that can attract model?driven flows and support the stock. Cantor Fitzgerald Upgrade
• Positive Sentiment: Needham & Company reiterated a “Buy” rating, reaffirming Wall Street support and a constructive view on growth and margins. Needham Reiterates Buy
• Positive Sentiment: Reports say the U.S. government is considering Robinhood to help oversee millions of proposed “Trump accounts” for kids — a potential large, recurring services relationship if selected. Reuters: US Mulls Tapping Robinhood
• Positive Sentiment: Argus and other outlets are publishing bullish takes, reinforcing a constructive analyst narrative that can help sentiment. Argus Bullish
• Neutral Sentiment: CEO outlined steps to avoid another GameStop?style trading halt, reducing operational/liquidity risk if implemented — a governance/operations positive but not an immediate revenue driver. CEO Halts Plan
• Neutral Sentiment: Coverage highlights Robinhood’s push into prediction markets (new revenue stream) and regulatory attention that could bring both rule clarity and compliance costs; long?term upside but execution?dependent. Prediction Markets Coverage
• Negative Sentiment: CTO Jeffrey Pinner sold 5,864 shares (disclosed Form 4), a notable insider sale that can create short?term selling pressure and raise questions about timing/motivation. Insider Sale Filing
• Negative Sentiment: Commentary and data points show HOOD has proved volatile and recently fell more than the broader market, underscoring sensitivity to news and high beta risk for momentum?driven investors. Zacks Volatility Note

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares of the company’s stock, valued at $7,147,150.40. The trade was a 47.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,853,425 shares of company stock worth $354,452,058 over the last quarter. 19.95% of the stock is currently owned by insiders.

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.