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 Wednesday, January 15th. The shares were sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $228,251.34. The trade was a 94.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 stock was 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 shares were 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 HOOD stock opened at $48.15 on Friday. The company has a market cap of $42.56 billion, a P/E ratio of 81.61, a PEG ratio of 0.58 and a beta of 2.07. The firm has a fifty day moving average price of $38.63 and a 200 day moving average price of $28.18. Robinhood Markets, Inc. has a 12 month low of $10.38 and a 12 month high of $49.27.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The company’s revenue was up 36.4% compared to the same quarter last year. On average, equities analysts forecast that Robinhood Markets, Inc. will post 0.91 EPS for the current year.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in the company. HM Payson & Co. lifted its stake in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the last quarter. True Wealth Design LLC purchased a new stake in Robinhood Markets in the 3rd quarter valued at $30,000. Eastern Bank acquired a new stake in Robinhood Markets during the 3rd quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in Robinhood Markets during the 3rd quarter worth $33,000. Finally, Connective Portfolio Management LLC acquired a new position in Robinhood Markets in the third quarter valued at $47,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HOOD. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and upped their price target for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. JMP Securities increased their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Sanford C. Bernstein increased their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Citigroup boosted their target price on Robinhood Markets from $25.00 to $45.00 and gave the company 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, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus 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.