Baiju Bhatt Sells 90,866 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 5,042 shares in the company, valued at approximately $228,251.34. This trade represents a 94.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 transaction 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 transaction of $2,715,382.88.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $48.15 on Friday. The firm has a market capitalization of $42.56 billion, a P/E ratio of 81.61, a P/E/G ratio of 0.58 and a beta of 2.07. The company’s fifty day moving average price is $38.63 and its two-hundred day moving average price is $28.22. Robinhood Markets, Inc. has a 12 month low of $10.38 and a 12 month high of $49.27.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HOOD shares. Morgan Stanley lifted their price target on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. KeyCorp upped their price target on shares of Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.07.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of HOOD. Victory Capital Management Inc. raised its stake in shares of Robinhood Markets by 9.6% in the 2nd quarter. Victory Capital Management Inc. now owns 63,337 shares of the company’s stock valued at $1,438,000 after purchasing an additional 5,534 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $486,000. DekaBank Deutsche Girozentrale raised its stake in Robinhood Markets by 110.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 49,260 shares of the company’s stock worth $1,117,000 after acquiring an additional 25,875 shares during the period. Dimensional Fund Advisors LP raised its stake in Robinhood Markets by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,075,468 shares of the company’s stock worth $92,549,000 after acquiring an additional 112,967 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Robinhood Markets by 21.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,071 shares of the company’s stock worth $615,000 after acquiring an additional 4,843 shares during the period. 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.