Vladimir Tenev Sells 500,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 500,000 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vladimir Tenev also recently made the following trade(s):

• On Thursday, January 2nd, Vladimir Tenev sold 750,000 shares of Robinhood Markets stock. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00.
• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00.

Robinhood Markets Stock Up 1.5 %

Shares of HOOD stock traded up $0.76 during mid-day trading on Friday, reaching $51.12. The company's stock had a trading volume of 19,831,414 shares, compared to its average volume of 17,127,642. The firm has a market capitalization of $45.19 billion, a PE ratio of 86.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. The company's 50 day simple moving average is $40.38 and its 200-day simple moving average is $29.13. Robinhood Markets, Inc. has a 12-month low of $10.51 and a 12-month high of $52.06.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter last year, the business posted ($0.09) EPS. Robinhood Markets's quarterly revenue was up 36.4% compared to the same quarter last year. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Sanford C. Bernstein lifted their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Needham & Company LLC reiterated a "buy" rating and issued a $52.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Barclays increased their price objective on Robinhood Markets from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised Robinhood Markets from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $20.00 to $43.00 in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the fourth quarter worth about $26,000. Spire Wealth Management lifted its holdings in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after buying an additional 549 shares during the last quarter. HM Payson & Co. lifted its holdings in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company's stock worth $28,000 after buying an additional 410 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Robinhood Markets in the 3rd quarter worth approximately $30,000. Finally, Eastern Bank bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

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.