Jeffrey Tsvi Pinner Sells 5,876 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $42.64, for a total value of $250,552.64.
• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $53.00 on Friday. Robinhood Markets, Inc. has a 12 month low of $10.51 and a 12 month high of $53.51. The company has a fifty day moving average price of $41.58 and a two-hundred day moving average price of $29.90. The company has a market cap of $46.85 billion, a PE ratio of 89.83, a P/E/G ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Analyst Ratings Changes

HOOD has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $43.00 in a report on Tuesday, January 7th. Morgan Stanley raised their price target on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, January 17th. JMP Securities boosted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 12th. KeyCorp upped their price objective on shares of Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $43.73.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of HOOD. American Century Companies Inc. acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $486,000. Sei Investments Co. lifted its stake in Robinhood Markets by 64.1% in the second quarter. Sei Investments Co. now owns 61,754 shares of the company’s stock valued at $1,402,000 after buying an additional 24,129 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Robinhood Markets by 25.4% during the second quarter. Public Sector Pension Investment Board now owns 68,840 shares of the company’s stock valued at $1,563,000 after acquiring an additional 13,944 shares during the period. Toronto Dominion Bank grew its position in shares of Robinhood Markets by 34.7% during the second quarter. Toronto Dominion Bank now owns 52,189 shares of the company’s stock worth $1,185,000 after acquiring an additional 13,441 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth about $809,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.