Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Vladimir Tenev also recently made the following trade(s):
- On Wednesday, January 22nd, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The stock was sold at an average price of $50.77, for a total transaction of $25,385,000.00.
Robinhood Markets Trading Up 2.6 %
HOOD traded up $0.90 during trading on Monday, hitting $35.41. The company's stock had a trading volume of 80,641,479 shares, compared to its average volume of 22,865,333. The firm has a market capitalization of $31.35 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.05 and a beta of 2.17. The business's fifty day simple moving average is $47.91 and its 200 day simple moving average is $39.02. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on HOOD shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Compass Point started coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 target price for the company. KeyCorp raised their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Cantor Fitzgerald began coverage on shares of Robinhood Markets in a research note on Thursday, March 6th. They set an "overweight" rating and a $69.00 price target for the company. Finally, Barclays dropped their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.41.
Read Our Latest Stock Report on Robinhood Markets
Institutional Investors Weigh In On Robinhood Markets
Institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Robinhood Markets by 8.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,178,669 shares of the company's stock valued at $51,024,000 after acquiring an additional 177,395 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Robinhood Markets by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock valued at $444,000 after purchasing an additional 4,487 shares in the last quarter. Verition Fund Management LLC boosted its stake in Robinhood Markets by 34.2% during the 3rd quarter. Verition Fund Management LLC now owns 81,843 shares of the company's stock worth $1,917,000 after purchasing an additional 20,838 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Robinhood Markets by 13,581.5% during the third quarter. Benjamin Edwards Inc. now owns 73,059 shares of the company's stock worth $1,711,000 after buying an additional 72,525 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Robinhood Markets by 246.9% in the third quarter. Itau Unibanco Holding S.A. now owns 2,390 shares of the company's stock valued at $56,000 after buying an additional 1,701 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.
About Robinhood Markets
(
Get Free Report)
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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