Rep. Robert Bresnahan, Jr. Purchases Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Robinhood Markets, Inc. (NASDAQ:HOOD). In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Robinhood Markets stock on May 9th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
• Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.

Robinhood Markets Trading Up 2.8%

Shares of HOOD stock opened at $67.98 on Tuesday. The firm’s fifty day moving average price is $50.14 and its two-hundred day moving average price is $46.49. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $68.20. The firm has a market capitalization of $60.19 billion, a P/E ratio of 43.30, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business’s revenue was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total transaction of $957,750.00. Following the transaction, the insider now directly owns 822,825 shares in the company, valued at approximately $31,522,425.75. This represents a 2.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the sale, the director now owns 7,863 shares of the company’s stock, valued at $506,848.98. The trade was a 98.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,102,737 shares of company stock valued at $102,593,978 over the last ninety days. 14.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC raised its position in Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after purchasing an additional 508 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at $26,000. Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets in the 1st quarter valued at about $30,000. Finally, Pandora Wealth Inc. bought a new stake in shares of Robinhood Markets in the 1st quarter valued at about $33,000. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Citigroup reduced their target price on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $71.00 price target on shares of Robinhood Markets in a research note on Tuesday, May 27th. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $56.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Finally, Barclays cut their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.41.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.