Evergreen Capital Management 13F: Cuts HOOD Stake by $5.2M

Evergreen Capital Management cut its stake in Robinhood Markets, Inc. HOOD by 54.1%, selling 45,953 shares during the period to leave its holdings at 38,952 shares. The position was valued at approximately $4.4 million at the time of the filing on October 23, 2026.

HOOD Robinhood Markets, Inc.

$95.07 ▼ -17.48% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Evergreen Capital's Robinhood Markets Position

The fund's reduction brought its prior stake of 84,905 shares down to 38,952 shares. This adjustment reflects a 54.1% decrease in the firm's exposure to the brokerage platform during the quarter.

Other Institutional Activity in Robinhood Markets

Other major institutional investors adjusted their positions in the stock around the same reporting period. Newlands Management Operations LLC kept its holdings steady at 24,158,860 shares valued at about $2.3 billion. Meanwhile, Index Venture Associates VI Ltd reduced its stake by 1,446,790 shares, or 12.5%, ending with 10,127,528 shares worth approximately $962.8 million.

Robinhood Markets, Inc. Stock Down 6.7%

Robinhood shares closed at $95.07 on October 23, 2026. The stock recently traded around $95.07 as of October 24, 2026, putting it about 12.7% below its 50-day moving average of $108.95 and roughly 1.8% above its 200-day moving average of $93.36. The shares sit 36.8% below their 52-week high of $150.47 and 49.7% above their 52-week low of $63.52. Analysts currently hold a consensus buy rating on the stock with a target mean price of $134.90, leaving the recent price about 29.5% below that mean target.

Recent Earnings

Robinhood reported trailing-twelve-month revenue of $4.93 billion alongside earnings of $2.27 per share. The company posted a net profit margin of 42.0% and a return on equity of 23.6%. The platform operator is scheduled to release its next quarterly financial update on October 27, 2026.

Insider Buying and Selling at Robinhood Markets, Inc.

Company insiders executed several stock sales leading up to the filing. Chief Executive Officer Vladimir Tenev sold 259,166 shares for $32.5 million on September 21, 2026, followed by another sale of 240,834 shares worth $30.2 million on September 22, 2026. Tenev later sold 375,000 shares valued at $42.6 million on October 5, 2026. Officer Daniel Martin Gallagher Jr. also sold 10,000 shares worth $1.1 million on October 5, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October. Truist Securities maintained a buy rating while lifting its price target to $134.00 from $130.00 on October 13, 2026. Wells Fargo maintained an equal-weight rating and lowered its target to $120.00 from $125.00 on October 14, 2026. JP Morgan maintained a neutral rating and raised its target to $115.00 from $103.00 on October 20, 2026. Rosenblatt initiated coverage with a buy rating and a $135.00 price target on October 21, 2026. Needham maintained a buy rating and raised its target to $126.00 from $123.00 on October 21, 2026. Overall, the stock carries a buy recommendation from 30 analysts, with targets ranging from a low of $57.00 to a high of $170.00.

About Robinhood Markets

Robinhood Markets operates an online financial services platform that lets retail investors trade stocks, exchange-traded funds, and options without traditional commission fees. The company provides mobile-first investing tools, fractional shares, cash sweep programs, and cryptocurrency trading options designed to make markets accessible to everyday participants.

Bottom Line

Investors are keeping a close watch on Robinhood as the company prepares to deliver its upcoming quarterly earnings report. Future regulatory filings will show whether other major funds follow Evergreen Capital's lead in trimming their positions.