Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $29,370,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Vladimir Tenev also recently made the following trade(s):

• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00.

Robinhood Markets Stock Performance

NASDAQ HOOD traded up $1.91 during mid-day trading on Friday, reaching $41.35. 19,821,413 shares of the stock were exchanged, compared to its average volume of 19,395,695. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $43.83. The business’s 50 day moving average is $35.24 and its 200-day moving average is $26.62. The company has a market capitalization of $36.55 billion, a P/E ratio of 70.09, a P/E/G ratio of 0.81 and a beta of 2.09.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same period in the prior year, the business posted ($0.09) EPS. Robinhood Markets’s revenue was up 36.4% compared to the same quarter last year. Equities analysts predict that Robinhood Markets, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Citigroup increased their price target on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. JMP Securities increased their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Piper Sandler lifted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Institutional Trading of Robinhood Markets

Several large investors have recently added to or reduced their stakes in HOOD. Toronto Dominion Bank lifted its holdings in Robinhood Markets by 31.1% in the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after acquiring an additional 16,219 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Robinhood Markets by 77.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock worth $10,874,000 after purchasing an additional 203,354 shares during the period. Bridgewater Associates LP increased its position in shares of Robinhood Markets by 100.4% during the 3rd quarter. Bridgewater Associates LP now owns 330,956 shares of the company’s stock worth $7,751,000 after purchasing an additional 165,791 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Robinhood Markets by 44.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,216 shares of the company’s stock valued at $1,481,000 after buying an additional 19,345 shares during the period. Finally, EULAV Asset Management lifted its position in Robinhood Markets by 22.2% in the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $12,881,000 after buying an additional 100,000 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.