Jeffrey Tsvi Pinner Sells 5,864 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $146.91, for a total value of $861,480.24. Following the sale, the chief technology officer directly owned 6,088 shares in the company, valued at approximately $894,388.08. The trade was a 49.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, October 6th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was sold at an average price of $147.53, for a total value of $865,115.92.
• On Monday, September 22nd, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was sold at an average price of $124.13, for a total value of $727,898.32.
• On Friday, September 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The stock was sold at an average price of $99.83, for a total value of $585,502.95.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $138.07 on Friday. The company has a market capitalization of $122.70 billion, a price-to-earnings ratio of 70.09, a price-to-earnings-growth ratio of 3.76 and a beta of 2.42. Robinhood Markets, Inc. has a one year low of $23.00 and a one year high of $153.86. The stock has a 50-day simple moving average of $126.23 and a 200 day simple moving average of $95.52.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The business had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The company’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price target (up from $120.00) on shares of Robinhood Markets in a research note on Tuesday, September 23rd. Citizens Jmp lifted their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a “mkt outperform” rating in a research note on Thursday, October 9th. Mizuho lifted their price target on Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Loop Capital set a $161.00 price target on Robinhood Markets in a research note on Monday. Finally, Keefe, Bruyette & Woods lifted their price target on Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.85.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently bought and sold shares of the business. Jennison Associates LLC bought a new position in Robinhood Markets in the third quarter worth about $322,823,000. Lockheed Martin Investment Management Co. bought a new position in Robinhood Markets in the third quarter worth about $745,000. Teacher Retirement System of Texas lifted its holdings in Robinhood Markets by 5.4% in the third quarter. Teacher Retirement System of Texas now owns 117,010 shares of the company’s stock worth $16,753,000 after acquiring an additional 5,967 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Robinhood Markets by 87.6% during the third quarter. Parkside Financial Bank & Trust now owns 739 shares of the company’s stock valued at $106,000 after buying an additional 345 shares during the last quarter. Finally, Proem Advisors LLC raised its holdings in shares of Robinhood Markets by 2,458.5% during the third quarter. Proem Advisors LLC now owns 40,000 shares of the company’s stock valued at $5,727,000 after buying an additional 41,696 shares during the last quarter. Institutional investors 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.