Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $4,113,503.82 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the completion of the transaction, the director now owns 5,042 shares of the company’s stock, valued at approximately $228,251.34. This trade represents a 94.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Baiju Bhatt also recently made the following trade(s):

• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The shares were sold at an average price of $40.37, for a total transaction of $9,230,398.65.
• On Wednesday, December 11th, Baiju Bhatt sold 186,514 shares of Robinhood Markets stock. The shares were sold at an average price of $38.13, for a total value of $7,111,778.82.
• On Tuesday, November 5th, Baiju Bhatt sold 108,964 shares of Robinhood Markets stock. The shares were sold at an average price of $24.92, for a total value of $2,715,382.88.

Robinhood Markets Trading Up 4.5 %

NASDAQ HOOD opened at $48.15 on Monday. The company’s fifty day simple moving average is $38.63 and its 200-day simple moving average is $28.25. The stock has a market cap of $42.56 billion, a P/E ratio of 81.61, a PEG ratio of 0.58 and a beta of 2.07. Robinhood Markets, Inc. has a 52 week low of $10.38 and a 52 week high of $49.27.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The business’s quarterly revenue was up 36.4% on a year-over-year basis. On average, research analysts expect that Robinhood Markets, Inc. will post 0.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HOOD. JMP Securities increased their price target on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein upped their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Barclays raised their price objective on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Finally, Piper Sandler raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds have recently bought and sold shares of the business. HM Payson & Co. boosted its holdings in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the period. Eastern Bank acquired a new stake in shares of Robinhood Markets during the 3rd quarter valued at $30,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets in the third quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new stake in Robinhood Markets during the 3rd quarter valued at $33,000. Finally, Connective Portfolio Management LLC purchased a new stake in Robinhood Markets in the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.