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

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $50.67, for a total value of $4,604,180.22. Following the completion of the transaction, the director now owns 5,042 shares of the company’s stock, valued at $255,478.14. The trade was a 94.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The shares were 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 stock was 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 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 stock was sold at an average price of $24.92, for a total transaction of $2,715,382.88.

Robinhood Markets Trading Up 1.5 %

NASDAQ HOOD traded up $0.76 during trading on Friday, reaching $51.12. The company’s stock had a trading volume of 19,831,414 shares, compared to its average volume of 21,733,734. Robinhood Markets, Inc. has a 12 month low of $10.51 and a 12 month high of $52.06. The firm has a 50 day moving average price of $40.01 and a 200 day moving average price of $28.92. The firm has a market capitalization of $45.19 billion, a price-to-earnings ratio of 86.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly 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 for the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS. On average, equities analysts forecast that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets during the fourth quarter worth about $26,000. HM Payson & Co. raised its position in shares of Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares in the last quarter. Eastern Bank bought a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in Robinhood Markets in the third quarter valued at approximately $33,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. JMP Securities lifted their target price on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Finally, Barclays lifted their price objective on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

About Robinhood Markets

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.