SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.3% Passive Stake in Robinhood Markets Inc.

Sentiment:

Beneficial Ownership Statement 12 February 2025 2:25 PM

FMR LLC and Abigail P. Johnson have jointly disclosed a passive beneficial ownership of 5.3% of Robinhood Markets Inc.'s Class A Common Stock as of December 31, 2024.

Summary

FMR LLC and Abigail P. Johnson filed a Schedule 13G with the SEC regarding their beneficial ownership in Robinhood Markets Inc.
As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 40,237,475.06 shares of Robinhood Markets Inc.'s Class A Common Stock.
This aggregate amount represents 5.3% of the total outstanding Class A Common Stock of Robinhood Markets Inc.
FMR LLC holds sole voting power over 40,198,266.77 shares and sole dispositive power over 40,237,475.06 shares.
The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC, is reported as a beneficial owner due to her connection to FMR LLC's holdings and the Johnson family's predominant ownership of FMR LLC's voting shares.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by a major institutional investor like FMR LLC is generally viewed positively as it signals confidence in the company's long-term prospects, even if it's a routine filing.

Positives

A major institutional investor, FMR LLC (Fidelity), has taken a significant passive stake in Robinhood Markets Inc., which can signal confidence in the company's long-term prospects.
The investment is explicitly stated to be passive, indicating no immediate intent to influence control, which can provide stability and reduce uncertainty regarding corporate governance.

Future Outlook

Industry Context

This filing indicates continued institutional interest in fintech platforms like Robinhood, reflecting a long-term, passive investment strategy by a major asset manager. It suggests that large investment firms are maintaining or initiating positions in companies operating in the evolving digital brokerage and financial services sector.

Stakeholder Impact

Shareholders: Increased transparency regarding significant institutional ownership; potential positive sentiment from a large, passive investment by a reputable firm.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC.
2023-01-26	Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson.
2024-12-31	Date of event which requires filing of this statement (measurement date for ownership).
2025-02-11	Date of filing of this Schedule 13G.

Recommendation

hold

Keywords

Robinhood Markets Inc, HOOD, FMR LLC, Fidelity, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, passive investment, institutional investor

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