Rep. Byron Donalds Buys Robinhood Markets, Inc. (NASDAQ:HOOD) Shares

Representative Byron Donalds (R-Florida) recently bought shares of Robinhood Markets, Inc. NASDAQ: HOOD. In a filing disclosed on April 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Robinhood Markets stock on March 6th. The trade occurred in the Representative's "MORAN WEALTH IRA" account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/20/2025.
• Sold $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Gartner NYSE: IT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Chipotle Mexican Grill NYSE: CMG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Equifax NYSE: EFX on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Tradeweb Markets NASDAQ: TW on 3/20/2025.
• Sold $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/20/2025.

Robinhood Markets Stock Up 1.3 %

HOOD stock traded up $0.52 during trading on Friday, reaching $41.18. The company's stock had a trading volume of 23,885,589 shares, compared to its average volume of 24,248,918. The company's fifty day moving average is $45.22 and its 200-day moving average is $40.05. The company has a market capitalization of $36.46 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HOOD shares. JPMorgan Chase & Co. lifted their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Mizuho lifted their price objective 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. JMP Securities dropped their price target on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Compass Point began coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective on the stock. Finally, Piper Sandler raised their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.06.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 500,000 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total transaction of $25,385,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 223,072 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $41.24, for a total value of $9,199,489.28. Following the completion of the sale, the director now owns 7,863 shares of the company's stock, valued at approximately $324,270.12. This trade represents a 96.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,784,193 shares of company stock valued at $137,892,219. Corporate insiders own 19.95% of the company's stock.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently added to or reduced their stakes in HOOD. Marest Capital LLC bought a new stake in shares of Robinhood Markets in the 1st quarter valued at about $300,000. WD Rutherford LLC bought a new position in Robinhood Markets in the first quarter worth approximately $819,000. QRG Capital Management Inc. raised its stake in Robinhood Markets by 35.0% in the first quarter. QRG Capital Management Inc. now owns 134,576 shares of the company's stock worth $5,601,000 after buying an additional 34,898 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in Robinhood Markets by 14.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,170 shares of the company's stock valued at $257,000 after acquiring an additional 773 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Robinhood Markets by 203.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 75,422 shares of the company's stock valued at $3,139,000 after acquiring an additional 50,597 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida's 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida's 19th Congressional District. He declared candidacy for the 2026 election. Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor's degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.