Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 223,528 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 223,528 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the sale, the director now owns 5,042 shares of the company’s stock, valued at approximately $217,864.82. The trade was a 97.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, February 13th, Baiju Bhatt sold 522,180 shares of Robinhood Markets stock. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00.
• On Friday, February 7th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44.
• 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 value of $4,604,180.22.
• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total transaction 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.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded down $0.21 during trading on Tuesday, reaching $48.15. 43,274,072 shares of the stock traded hands, compared to its average volume of 21,210,096. The stock has a market cap of $42.63 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The stock has a 50-day moving average of $49.22 and a two-hundred day moving average of $37.61. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

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 return on equity of 13.53% and a net margin of 47.81%. Sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at about $588,000. Kilter Group LLC bought a new position in Robinhood Markets during the fourth quarter valued at approximately $240,000. Siemens Fonds Invest GmbH purchased a new stake in Robinhood Markets in the fourth quarter worth approximately $217,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Robinhood Markets during the 4th quarter valued at $4,886,000. Finally, Employees Retirement System of Texas bought a new position in shares of Robinhood Markets during the 4th quarter valued at $1,609,000. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HOOD has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Robinhood Markets from $38.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Mizuho increased their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Piper Sandler raised their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Wolfe Research downgraded Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.29.

Robinhood Markets Company Profile

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.