Jeffrey Tsvi Pinner Sells 5,876 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction 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 in the company, valued at $250,552.64. This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $222,817.92.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $0.25 on Wednesday, hitting $40.81. 13,978,934 shares of the company’s stock were exchanged, compared to its average volume of 18,562,717. The firm has a market cap of $36.08 billion, a price-to-earnings ratio of 69.17, a P/E/G ratio of 0.81 and a beta of 2.07. The firm’s 50-day moving average price is $36.07 and its two-hundred day moving average price is $27.10. Robinhood Markets, Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $43.83.

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

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Robinhood Markets by 31.3% during the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after buying an additional 3,368,118 shares in the last quarter. State Street Corp increased its holdings in Robinhood Markets by 8.7% in the third quarter. State Street Corp now owns 13,558,321 shares of the company’s stock valued at $317,536,000 after buying an additional 1,085,679 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Robinhood Markets by 19.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after acquiring an additional 1,895,427 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Robinhood Markets by 37.7% during the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after acquiring an additional 2,094,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Robinhood Markets by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company’s stock worth $107,298,000 after acquiring an additional 1,137,677 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on HOOD. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price target for the company from $40.00 to $46.00 in a research note on Friday, December 6th. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $43.00 in a report on Tuesday. Keefe, Bruyette & Woods boosted their target price on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Morgan Stanley upgraded Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $24.00 to $55.00 in a research note on Monday, November 25th. Finally, JMP Securities boosted their price objective 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

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.