K.J. Harrison & Partners Inc Trims Stake in Robinhood Markets, Inc. $HOOD

K.J. Harrison & Partners Inc cut its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 63.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,040 shares of the company’s stock after selling 22,352 shares during the period. K.J. Harrison & Partners Inc’s holdings in Robinhood Markets were worth $1,900,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Empowered Funds LLC boosted its holdings in Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares during the period. Brighton Jones LLC boosted its stake in shares of Robinhood Markets by 58.5% during the second quarter. Brighton Jones LLC now owns 9,276 shares of the company’s stock valued at $869,000 after purchasing an additional 3,425 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Robinhood Markets by 142.3% during the second quarter. Envestnet Asset Management Inc. now owns 796,111 shares of the company’s stock valued at $74,540,000 after purchasing an additional 467,600 shares during the period. Bessemer Group Inc. bought a new position in shares of Robinhood Markets in the second quarter worth about $1,284,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Robinhood Markets by 62.1% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 12,708 shares of the company’s stock worth $1,190,000 after buying an additional 4,870 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood launched Robinhood Ventures Fund I, a $1 billion closed‑end vehicle to give retail investors access to late‑stage pre‑IPO names (SpaceX, Stripe, Databricks). This product broadens Robinhood’s revenue mix beyond brokerage commissions and could create new fee streams if it attracts volume. Robinhood Opens Pre IPO Access With New US$1b Closed End Fund
• Positive Sentiment: Market commentator Jay Woods flagged opportunity in Robinhood (alongside SoFi) despite recent sector weakness, which supports a constructive narrative among some investors looking to buy the pullback in high‑beta fintech names. Opportunity in SoFi and Robinhood despite AI selloff, says Jay Woods
• Neutral Sentiment: Intraday trading chatter and Reddit/WallStreetBets mentions are mixed; social buzz can add volatility but hasn’t provided a clear directional catalyst. Social Buzz: Wallstreetbets Stocks Mixed Premarket Tuesday
• Neutral Sentiment: News flow notes a modest rebound after recent weakness, indicating short‑term repositioning rather than a confirmed trend change for high‑beta trading platforms. Robinhood Stock Edges Higher Tuesday: What’s Driving The Action?
• Negative Sentiment: A director, Baiju Bhatt, disclosed a sale of 65,694 shares (~$4.75M at ~$72.30), which can trigger investor caution about insider conviction even if sales are routine for diversification or tax reasons. SEC Filing: Director Sale
• Negative Sentiment: An analyst price‑target cut trimmed HOOD’s target ~15%, which pressures sentiment among growth investors and may cap near‑term upside until guidance or fundamentals re‑accelerate. Price Target Decreased to $130.24
• Negative Sentiment: Coverage pieces revisiting “troubled” financials (including Robinhood) highlight sector/headline risk — investors remain sensitive to macro/market‑structure shifts that can hurt trading volume and revenue. Revisiting 3 Troubled Financials (Barron’s)

Insider Buying and Selling

In other news, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the transaction, the insider directly owned 27,564 shares of the company’s stock, valued at $2,420,394.84. This represents a 65.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 706,633 shares of company stock worth $82,303,123 in the last ninety days. 14.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HOOD has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Robinhood Markets from $152.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Morgan Stanley upped their price objective on Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Sanford C. Bernstein restated an “outperform” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods upped their target price on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.71.

Robinhood Markets Price Performance

HOOD opened at $77.53 on Thursday. The firm has a fifty day moving average price of $100.89 and a 200 day moving average price of $116.48. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The stock has a market cap of $69.71 billion, a P/E ratio of 37.64, a P/E/G ratio of 1.48 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating 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 analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS 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.