Meyer Malka Acquires 181,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka purchased 181,000 shares of Robinhood Markets stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of $83.45 per share, for a total transaction of $15,104,450.00. Following the transaction, the director directly owned 3,674,427 shares in the company, valued at $306,630,933.15. This represents a 5.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Meyer Malka also recently made the following trade(s):

• On Thursday, May 28th, Meyer Malka acquired 249,000 shares of Robinhood Markets stock. The stock was bought at an average price of $80.39 per share, with a total value of $20,017,110.00.

Robinhood Markets Stock Performance

Shares of HOOD opened at $88.33 on Friday. The stock has a 50-day simple moving average of $77.90 and a 200-day simple moving average of $93.10. The stock has a market capitalization of $79.54 billion, a PE ratio of 42.67, a PEG ratio of 2.48 and a beta of 2.35. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during 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 business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts predict that Robinhood Markets, Inc. will post 1.85 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price objective on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Argus decreased 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, Piper Sandler dropped their price objective on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $106.54.

Robinhood Markets News Roundup

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood Markets (HOOD) to $105 from $95 and kept a Buy rating, reinforcing a more bullish valuation view. Benzinga article
• Positive Sentiment: Robinhood expanded its wealth-management push through TradePMR with an advisor network, client referral tools, AI capabilities, lending perks, and broader investment access for RIAs, which could help grow higher-value revenue streams. Yahoo Finance article
• Positive Sentiment: Director Meyer Malka made another large insider purchase, buying 181,000 shares for about $15.1 million, a sign of confidence from a key insider.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caisse Des Depots ET Consignations purchased a new position in Robinhood Markets during the 3rd quarter worth approximately $3,984,000. Aberdeen Group plc grew its stake in Robinhood Markets by 565.1% during the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after buying an additional 157,643 shares during the last quarter. NEOS Investment Management LLC purchased a new position in Robinhood Markets during the 3rd quarter worth approximately $11,994,000. Truist Financial Corp grew its stake in Robinhood Markets by 88.9% during the 4th quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock worth $16,455,000 after buying an additional 68,458 shares during the last quarter. Finally, New York Life Investment Management LLC purchased a new position in Robinhood Markets during the 3rd quarter worth approximately $14,989,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.