Allspring Global Investments Holdings LLC Trims Stock Position in Robinhood Markets, Inc. $HOOD

Allspring Global Investments Holdings LLC trimmed its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 39.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 993,361 shares of the company’s stock after selling 640,137 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Robinhood Markets were worth $138,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Smithfield Trust Co purchased a new position in shares of Robinhood Markets during the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth about $34,000. Finally, V Square Quantitative Management LLC purchased a new stake in Robinhood Markets in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 49,942 shares of Robinhood Markets stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the sale, the insider owned 54,496 shares in the company, valued at approximately $7,147,150.40. The trade was a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,936,763 shares of company stock valued at $371,050,559. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $115.45 on Wednesday. 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 $103.81 billion, a P/E ratio of 47.90, a P/E/G ratio of 2.14 and a beta of 2.43. The stock has a 50-day simple moving average of $127.10 and a 200-day simple moving average of $116.37.

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

Analyst Ratings Changes

HOOD has been the subject of several research analyst reports. Cantor Fitzgerald lowered their target price on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Mizuho increased their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. 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, CICC Research assumed coverage on Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.80.

Robinhood Markets News Roundup

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

• Positive Sentiment: Zacks includes HOOD among “4 Stocks to Buy for 2026,” highlighting Robinhood as a better bet than crypto for next year, which supports continued analyst interest and retail investor optimism. Read More.
• Positive Sentiment: Multiple Zacks pieces and other analyst write-ups tout HOOD’s long-term growth drivers (founder-led strategy, new products, crypto initiatives and global expansion), reinforcing buy-side momentum and several elevated price targets. Read More.
• Positive Sentiment: Industry thesis: prediction markets are growing rapidly (potentially large TAM), which benefits incumbents like Robinhood that already have distribution and Kalshi partnership exposure. That macro opportunity underpins much of the bullish analyst narrative. Read More.
• Neutral Sentiment: DraftKings’ official launch of its Predictions product raises competitive risk for Robinhood in prediction-market-adjacent revenue, but it also validates the market and could expand overall demand; watch early adoption metrics. Read More.
• Negative Sentiment: Insider selling is extensive: QuiverQuant documents many insider sales (CEO/founders among sellers), which can weigh on sentiment and raise governance questions for some investors. Read More.
• Negative Sentiment: Needham trimmed its price target from $145 to $135 (still a buy), a modest analyst tweak that can act as a short-term drag versus the recent rally. Read More.

Robinhood Markets 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.