Key Points
- Robinhood director Meyer Malka bought 249,000 shares on May 28 at an average price of $80.39, a transaction worth about $20.0 million. After the purchase, he held 3.49 million shares, boosting his stake by 7.67%.
- Robinhood shares were down 3.8% even as the stock traded at $90.73, with the company carrying a market cap of $81.7 billion and a 52-week range of $63.51 to $153.86.
- Analysts remain broadly constructive: Goldman Sachs reaffirmed a buy rating, Mizuho raised its target to $115, and the stock now has a consensus Moderate Buy rating with an average price target of $105.96.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Meyer Malka bought 249,000 shares of Robinhood Markets stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $80.39 per share, with a total value of $20,017,110.00. Following the completion of the acquisition, the director directly owned 3,493,427 shares in the company, valued at approximately $280,836,596.53. The trade was a 7.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Robinhood Markets Stock Down 3.8%
HOOD opened at $90.73 on Tuesday. The business has a 50 day moving average price of $76.96 and a two-hundred day moving average price of $93.93. The company has a market cap of $81.70 billion, a PE ratio of 43.83, a P/E/G ratio of 2.94 and a beta of 2.35. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm's revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.83 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have commented on HOOD shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Robinhood Markets in a research note on Wednesday, May 27th. Mizuho upped their price objective on Robinhood Markets from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Robinhood Markets from $113.00 to $92.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Argus reduced their price objective on Robinhood Markets from $102.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Finally, Loop Capital set a $94.00 price objective on Robinhood Markets in a research note on Wednesday, May 27th. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $105.96.
Check Out Our Latest Report on Robinhood Markets
Trending Headlines about Robinhood Markets
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Hedge Funds Weigh In On Robinhood Markets
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company's stock worth $13,521,497,000 after acquiring an additional 18,824,923 shares during the period. State Street Corp grew its holdings in shares of Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company's stock worth $4,617,004,000 after acquiring an additional 16,375,734 shares during the period. Norges Bank acquired a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $1,202,160,000. Amundi grew its holdings in shares of Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company's stock worth $442,497,000 after acquiring an additional 3,007,103 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in shares of Robinhood Markets by 5,221.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company's stock worth $289,519,000 after acquiring an additional 2,511,743 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.
About Robinhood Markets
(
Get Free Report)
Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all." Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.
Robinhood's core products and services include a mobile app and web platform for trading U.S.
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