Vladimir Tenev Sells 750,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, September 15th, Vladimir Tenev sold 3,525,932 shares of Robinhood Markets stock. The stock was sold at an average price of $114.57, for a total transaction of $403,966,029.24.
• On Wednesday, July 16th, Vladimir Tenev sold 385,485 shares of Robinhood Markets stock. The shares were sold at an average price of $101.90, for a total transaction of $39,280,921.50.
• On Monday, July 14th, Vladimir Tenev sold 114,175 shares of Robinhood Markets stock. The shares were sold at an average price of $101.65, for a total value of $11,605,888.75.
• On Friday, July 11th, Vladimir Tenev sold 340 shares of Robinhood Markets stock. The stock was sold at an average price of $101.50, for a total value of $34,510.00.

Robinhood Markets Stock Up 2.0%

Shares of NASDAQ HOOD opened at $148.67 on Friday. Robinhood Markets, Inc. has a twelve month low of $22.61 and a twelve month high of $150.21. The business has a fifty day simple moving average of $114.45 and a two-hundred day simple moving average of $82.60. The firm has a market cap of $132.12 billion, a PE ratio of 75.47, a price-to-earnings-growth ratio of 4.13 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. The firm 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 firm’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 75,612,131 shares of the company’s stock valued at $7,079,564,000 after acquiring an additional 1,371,051 shares during the period. State Street Corp boosted its position in Robinhood Markets by 9.2% during the second quarter. State Street Corp now owns 15,870,421 shares of the company’s stock worth $1,485,948,000 after purchasing an additional 1,341,204 shares in the last quarter. Geode Capital Management LLC grew its holdings in Robinhood Markets by 4.0% in the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after purchasing an additional 507,926 shares during the period. WCM Investment Management LLC increased its position in shares of Robinhood Markets by 3,615.7% in the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after buying an additional 11,244,182 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $973,122,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HOOD shares. KeyCorp increased their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Compass Point lifted their target price on Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Redburn Atlantic reissued a “sell” rating and set a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Finally, The Goldman Sachs Group increased their target price on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.59.

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.