Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Robinhood Markets, Inc. NASDAQ: HOOD. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Robinhood Markets stock on May 9th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
- Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
- Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
- Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
- Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
- Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
Robinhood Markets Stock Performance
Shares of HOOD traded up $2.37 during mid-day trading on Friday, reaching $74.88. 61,705,294 shares of the company were exchanged, compared to its average volume of 26,941,228. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $80.24. The stock has a market capitalization of $66.30 billion, a PE ratio of 47.69, a PEG ratio of 1.05 and a beta of 2.25. The business has a 50 day simple moving average of $52.58 and a two-hundred day simple moving average of $47.38.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same period in the prior year, the business earned $0.18 EPS. The company's revenue for the quarter was up 50.0% on a year-over-year basis. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
Insider Activity at Robinhood Markets
In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the transaction, the chief technology officer now owns 5,853 shares of the company's stock, valued at $201,987.03. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 47,023 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $46.37, for a total value of $2,180,456.51. Following the completion of the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $233,797.54. This represents a 90.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,226,771 shares of company stock valued at $111,467,774 over the last 90 days. Insiders own 14.47% of the company's stock.
Institutional Investors Weigh In On Robinhood Markets
A number of hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in shares of Robinhood Markets by 88.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,825 shares of the company's stock valued at $925,000 after buying an additional 11,650 shares during the last quarter. Swedbank AB boosted its position in shares of Robinhood Markets by 14.5% during the fourth quarter. Swedbank AB now owns 258,435 shares of the company's stock valued at $9,629,000 after buying an additional 32,714 shares during the last quarter. Highland Capital Management LLC purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $242,000. Mediolanum International Funds Ltd purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $515,000. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Analyst Upgrades and Downgrades
HOOD has been the subject of several recent analyst reports. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. JMP Securities reaffirmed a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a research note on Thursday, May 1st. Barclays decreased their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Morgan Stanley raised their target price on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $71.00 target price on shares of Robinhood Markets in a research note on Tuesday, May 27th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $55.41.
View Our Latest Stock Analysis on Robinhood Markets
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
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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