Jeffrey Tsvi Pinner Sells 5,853 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $43.36, for a total transaction of $253,786.08. Following the transaction, the chief technology officer now owns 11,706 shares in the company, valued at $507,572.16. This represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $46.81, for a total value of $273,978.93.
• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $47.82, for a total value 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 value of $250,552.64.

Robinhood Markets Stock Up 9.0 %

HOOD stock traded up $4.00 during trading on Monday, reaching $48.36. The company’s stock had a trading volume of 50,563,276 shares, compared to its average volume of 21,212,648. The company’s fifty day moving average is $49.04 and its 200-day moving average is $37.41. The company has a market capitalization of $42.82 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) 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%. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Citigroup boosted their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Mizuho lifted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Compass Point assumed coverage on Robinhood Markets in a research report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price target on the stock. Finally, Raymond James began coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a “market perform” rating for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.29.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP bought a new position in shares of Robinhood Markets during the fourth quarter worth $588,000. Kilter Group LLC purchased a new stake in Robinhood Markets in the 4th quarter worth $240,000. Siemens Fonds Invest GmbH bought a new position in shares of Robinhood Markets during the 4th quarter valued at about $217,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Robinhood Markets during the fourth quarter valued at about $4,886,000. Finally, Employees Retirement System of Texas bought a new stake in shares of Robinhood Markets in the fourth quarter worth about $1,609,000. Institutional investors own 93.27% of the company’s stock.

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.