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 company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $279,024.28. This represents a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, January 22nd, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The shares were sold at an average price of $50.67, for a total transaction of $4,604,180.22.
• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total value of $4,113,503.82.
• 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 value of $9,230,398.65.
• On Wednesday, December 11th, Baiju Bhatt sold 186,514 shares of Robinhood Markets stock. The stock was sold at an average price of $38.13, for a total value of $7,111,778.82.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $55.91 on Thursday. Robinhood Markets, Inc. has a 1 year low of $11.43 and a 1 year high of $57.27. The firm’s 50-day moving average is $44.48 and its 200-day moving average is $31.90. The company has a market cap of $49.42 billion, a P/E ratio of 94.76, a PEG ratio of 0.73 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $26,000. HM Payson & Co. raised its holdings in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 410 shares during the period. Eastern Bank purchased a new stake in Robinhood Markets during the third quarter valued at about $30,000. True Wealth Design LLC acquired a new position in shares of Robinhood Markets in the third quarter worth about $30,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after acquiring an additional 750 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HOOD has been the topic of a number of recent research reports. JMP Securities upped their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein lifted their price objective on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and increased their target price for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.67.

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.