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 stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total value of $4,113,503.82. Following the completion of the sale, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $228,251.34. This represents a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 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 stock was sold at an average price of $24.92, for a total value of $2,715,382.88.

Robinhood Markets Trading Up 4.5 %

Shares of Robinhood Markets stock traded up $2.07 during trading on Friday, reaching $48.15. The company’s stock had a trading volume of 35,128,062 shares, compared to its average volume of 21,739,152. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $49.27. The stock has a 50-day moving average price of $38.28 and a two-hundred day moving average price of $28.00. The stock has a market capitalization of $42.56 billion, a P/E ratio of 81.61, a price-to-earnings-growth ratio of 0.58 and a beta of 2.07.

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 the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $43.00 in a research report on Tuesday, January 7th. Barclays boosted their price objective on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Morgan Stanley boosted their price target on Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup raised their price objective on Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.07.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HM Payson & Co. boosted its stake 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 acquiring an additional 410 shares during the last quarter. Commerce Bank increased its holdings in shares of Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock worth $310,000 after acquiring an additional 423 shares in the last quarter. Signaturefd LLC raised its position in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares during the period. Castleview Partners LLC grew its position in shares of Robinhood Markets by 18.2% in the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after purchasing an additional 582 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Robinhood Markets by 3.1% during the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock worth $463,000 after acquiring an additional 598 shares during the period. Institutional investors own 93.27% of the company’s stock.

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.