Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $273,978.93 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total transaction of $273,978.93. Following the sale, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at $821,936.79. This represents a 25.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32.
• 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 transaction of $250,552.64.
• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $37.92, for a total transaction of $222,817.92.

Robinhood Markets Trading Down 0.9 %

Shares of NASDAQ:HOOD opened at $44.42 on Monday. The stock’s fifty day simple moving average is $49.03 and its two-hundred day simple moving average is $36.03. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The stock has a market cap of $39.33 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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 return on equity of 13.53% and a net margin of 47.81%. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Several large investors have recently bought and sold shares of HOOD. International Assets Investment Management LLC lifted its stake in Robinhood Markets by 301.5% during the 3rd quarter. International Assets Investment Management LLC now owns 7,026 shares of the company’s stock valued at $165,000 after acquiring an additional 5,276 shares in the last quarter. US Bancorp DE increased its position in shares of Robinhood Markets by 94.0% during the 3rd quarter. US Bancorp DE now owns 27,751 shares of the company’s stock valued at $650,000 after purchasing an additional 13,448 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Robinhood Markets by 834.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,504 shares of the company’s stock valued at $152,000 after purchasing an additional 5,808 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Robinhood Markets by 2.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 184,586 shares of the company’s stock valued at $4,323,000 after purchasing an additional 4,325 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Robinhood Markets by 515.0% during the 3rd quarter. QRG Capital Management Inc. now owns 80,784 shares of the company’s stock valued at $1,892,000 after purchasing an additional 67,649 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Raymond James initiated coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a “market perform” rating on the stock. Sanford C. Bernstein increased their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, KeyCorp increased their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.13.

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.