Baiju Bhatt Sells 108,964 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 108,964 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the completion of the sale, the director now directly owns 2,521 shares of the company’s stock, valued at approximately $62,823.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, October 17th, Baiju Bhatt sold 98,404 shares of Robinhood Markets stock. The shares were sold at an average price of $26.40, for a total transaction of $2,597,865.60.
• On Monday, September 9th, Baiju Bhatt sold 139,916 shares of Robinhood Markets stock. The shares were sold at an average price of $19.55, for a total transaction of $2,735,357.80.
• On Wednesday, August 14th, Baiju Bhatt sold 143,944 shares of Robinhood Markets stock. The shares were sold at an average price of $18.73, for a total transaction of $2,696,071.12.

Robinhood Markets Stock Down 1.7 %

NASDAQ:HOOD opened at $29.36 on Friday. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $30.06. The firm has a 50 day moving average of $23.96 and a 200 day moving average of $21.68. The stock has a market capitalization of $25.95 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 0.58 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company’s revenue was up 36.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. As a group, analysts expect that Robinhood Markets, Inc. will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Robinhood Markets by 1.8% during the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after purchasing an additional 1,003,535 shares during the period. UniSuper Management Pty Ltd lifted its position in Robinhood Markets by 87.1% during the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after purchasing an additional 2,700 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Robinhood Markets by 146.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,161,240 shares of the company’s stock valued at $27,196,000 after purchasing an additional 690,467 shares during the period. O Neil Global Advisors Inc. acquired a new position in Robinhood Markets during the second quarter valued at $2,298,000. Finally, SG Americas Securities LLC lifted its position in Robinhood Markets by 62.5% during the first quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock valued at $5,711,000 after purchasing an additional 109,059 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HOOD shares. Morgan Stanley upped their target price on shares of Robinhood Markets from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group dropped their target price on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Barclays upped their target price on shares of Robinhood Markets from $23.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Hold” and an average price target of $25.17.

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.