Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Vladimir Tenev also recently made the following trade(s):
- On Monday, August 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00.
- On Friday, July 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $22.50, for a total value of $5,625,000.00.
Robinhood Markets Stock Performance
Shares of HOOD traded down $0.73 during trading hours on Friday, reaching $18.94. The stock had a trading volume of 12,790,012 shares, compared to its average volume of 15,883,782. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.88. The stock has a market capitalization of $16.65 billion, a PE ratio of 126.00 and a beta of 1.83. The company’s 50-day moving average is $20.82 and its two-hundred day moving average is $19.47.
Hedge Funds Weigh In On Robinhood Markets
Several hedge funds have recently modified their holdings of the company. ORG Partners LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $33,000. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets in the 1st quarter valued at $34,000. International Assets Investment Management LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $40,000. Opal Wealth Advisors LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $45,000. Finally, Spire Wealth Management bought a new position in Robinhood Markets in the 4th quarter valued at $26,000. Institutional investors own 93.27% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on HOOD. Bank of America boosted their price target on Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Robinhood Markets in a report on Thursday, August 8th. The Goldman Sachs Group lifted their target price on Robinhood Markets from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods decreased their target price on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.83.
Get Our Latest Analysis on HOOD
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.
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