<div id="readability-page-1"><p>DAVENPORT &amp; Co LLC trimmed its holdings in shares of  Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,412 shares of the company's stock after selling 21,487 shares during the period. DAVENPORT &amp; Co LLC's holdings in Robinhood Markets were worth $6,359,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Robinhood Markets</strong> alerts:</span></p></div><ul><li>Is It Time to Take Profits on These 2025 Winners?</li></ul><p>Other hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in  Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company's stock worth $25,000 after buying an additional 148 shares in the last quarter.  Smithfield Trust Co bought a new stake in shares of  Robinhood Markets in the second quarter worth approximately $29,000.  Twin Peaks Wealth Advisors LLC purchased a new position in shares of  Robinhood Markets during the second quarter valued at approximately $34,000.  V Square Quantitative Management LLC purchased a new position in shares of  Robinhood Markets during the second quarter valued at approximately $36,000.  Finally, LGT Financial Advisors LLC bought a new position in  Robinhood Markets during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own  93.27% of the company's stock. </p><h2>Robinhood Markets Stock Up 0.1%</h2><p>Shares of HOOD opened at $120.32 on Friday. The business has a 50-day simple moving average of $128.03 and a two-hundred day simple moving average of $114.87. The stock has a market cap of $108.19 billion, a price-to-earnings ratio of 49.92, a PEG ratio of 2.20 and a beta of 2.43. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86. </p><ul><li>Financial Sector Breaks Out as Capital Rotates and Leadership Shifts</li></ul><p>Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business's quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS.  On average, equities analysts anticipate that  Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year. </p><h2>Insider Activity</h2><p>In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total value of $104,797,500.00. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, Director Baiju Bhatt sold 1,330,000 shares of the firm'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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,686,763 shares of company stock worth $475,848,059 over the last ninety days. Company insiders own  14.47% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Why Are Insiders Are Dumping Shares of Robinhood, Stryker, and Mercury Systems?</li></ul><p>A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Robinhood Markets from $168.00 to $171.00 and gave the company an &#34;overweight&#34; rating in a research note on Friday, December 12th. Piper Sandler  reiterated an &#34;overweight&#34; rating on shares of Robinhood Markets in a research report on Wednesday, November 26th. Keefe, Bruyette &amp; Woods increased their target price on Robinhood Markets from $121.00 to $135.00 and gave the company a &#34;market perform&#34; rating in a report on Thursday, November 6th. Needham &amp; Company LLC  reissued a &#34;buy&#34; rating and issued a $145.00 target price on shares of Robinhood Markets in a research report on Friday, December 5th. Finally, Loop Capital  set a $152.00 price target on shares of Robinhood Markets in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued  a Buy rating, seven have issued  a Hold rating and one  has assigned  a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $137.30.</p><p><b>Read Our Latest Research Report on Robinhood Markets</b></p><h2>Robinhood Markets Company Profile</h2> (Free Report)<p>Robinhood Markets, Inc <span>NASDAQ: HOOD<span></span></span> is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to &#34;democratize finance for all.&#34; 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.  </p><p>Robinhood's core products and services include a mobile app and web platform for trading U.S.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Robinhood Markets</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>The McDonald's Secret</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><p><strong>Want to see what other hedge funds are holding HOOD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SE9PRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SE9PRA"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Robinhood Markets Right Now?</h2><p>Before you consider Robinhood Markets, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robinhood Markets wasn't on the list.</p><p>While Robinhood Markets currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

HOOD

<p>DAVENPORT & Co LLC reduced its stake in Robinhood Markets by 32.6% in Q3, selling 21,487 shares. Robinhood's stock opened at $120.32, with a market cap of $108.19 billion. Analysts have mixed ratings, with target prices ranging from $121 to $171. Insiders sold 3.68 million shares recently. Robinhood's Q3 earnings beat expectations, reporting $0.61 EPS and $1.27 billion revenue.</p>

DAVENPORT & Co LLC Sells 21,487 Shares of Robinhood Markets, Inc. $HOOD