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 business’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 completion of the sale, the director now directly owns 5,042 shares of the company’s stock, valued at $279,024.28. This represents a 94.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $63.80 on Friday. The stock’s fifty day simple moving average is $44.98 and its 200 day simple moving average is $32.13. Robinhood Markets, Inc. has a one year low of $12.77 and a one year high of $66.91. The firm has a market cap of $56.40 billion, a price-to-earnings ratio of 108.14, a P/E/G ratio of 0.73 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating 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%. On average, research analysts anticipate that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Robinhood Markets by 142.8% in the second quarter. Creative Planning now owns 26,290 shares of the company’s stock valued at $597,000 after acquiring an additional 15,464 shares during the last quarter. Cetera Investment Advisers increased its holdings in Robinhood Markets by 26.2% during the 2nd quarter. Cetera Investment Advisers now owns 66,341 shares of the company’s stock valued at $1,507,000 after purchasing an additional 13,792 shares in the last quarter. GAMMA Investing LLC raised its position in Robinhood Markets by 71.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $92,000 after purchasing an additional 1,633 shares during the last quarter. CWM LLC boosted its stake in Robinhood Markets by 66.9% in the third quarter. CWM LLC now owns 38,746 shares of the company’s stock worth $907,000 after purchasing an additional 15,524 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Robinhood Markets during the third quarter worth $89,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HOOD shares. Mizuho upped their price target on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Barclays upped their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.07.

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.