Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $42.64, for a total value of $250,552.64. Following the completion of the transaction, the chief technology officer now directly owns 5,876 shares of the company’s stock, valued at $250,552.64. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Jeffrey Tsvi Pinner also recently made the following trade(s):
- 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 Up 0.6 %
Shares of HOOD stock opened at $40.81 on Friday. The stock has a 50 day simple moving average of $36.67 and a 200-day simple moving average of $27.29. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 69.17, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07. Robinhood Markets, Inc. has a 12-month low of $10.38 and a 12-month high of $43.83.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on HOOD shares. JPMorgan Chase & Co. raised shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $43.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JMP Securities lifted their price target on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price objective for the company from $40.00 to $46.00 in a report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price (up from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.67.
Check Out Our Latest Analysis on HOOD
Institutional Trading of Robinhood Markets
Several hedge funds and other institutional investors have recently made changes to their positions in HOOD. Allspring Global Investments Holdings LLC increased its holdings in Robinhood Markets by 1,211,858.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after buying an additional 3,817,355 shares in the last quarter. Azora Capital LP acquired a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $79,780,000. FMR LLC increased its stake in Robinhood Markets by 31.3% in the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after purchasing an additional 3,368,118 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Robinhood Markets by 37.7% during the second quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after purchasing an additional 2,094,800 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Robinhood Markets by 19.5% during the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock worth $271,708,000 after purchasing an additional 1,895,427 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
About Robinhood Markets
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.
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