Meyer Malka Sells 64,951 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka sold 64,951 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $49.64, for a total value of $3,224,167.64. Following the sale, the director now directly owns 3,235,585 shares in the company, valued at $160,614,439.40. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Meyer Malka also recently made the following trade(s):

• On Wednesday, December 4th, Meyer Malka sold 1,535,681 shares of Robinhood Markets stock. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91.

Robinhood Markets Price Performance

HOOD opened at $48.12 on Thursday. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The business has a 50 day simple moving average of $48.84 and a two-hundred day simple moving average of $35.57. The firm has a market capitalization of $42.61 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Mizuho increased their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC increased their target price on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler increased their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Raymond James began coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a “market perform” rating for the company. Finally, Wolfe Research cut shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.53.

Institutional Trading of Robinhood Markets

Several large investors have recently bought and sold shares of HOOD. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets in the 4th quarter valued at approximately $26,000. HM Payson & Co. lifted its position in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the period. True Wealth Design LLC bought a new stake in shares of Robinhood Markets during the 3rd quarter valued at $30,000. CoreCap Advisors LLC boosted its holdings in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after buying an additional 550 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the period. 93.27% of the stock is owned by 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.