Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 186,514 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 186,514 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total value of $7,111,778.82. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $96,125.73. This represents a 98.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $2,715,382.88.
• 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.

Robinhood Markets Stock Up 2.2 %

HOOD stock opened at $40.20 on Friday. Robinhood Markets, Inc. has a 52 week low of $10.38 and a 52 week high of $42.76. The business has a 50-day simple moving average of $31.70 and a 200 day simple moving average of $24.98. The company has a market cap of $35.54 billion, a PE ratio of 68.14, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s revenue was up 36.4% on a year-over-year basis. On average, analysts anticipate that Robinhood Markets, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently bought and sold shares of HOOD. HM Payson & Co. raised its holdings in shares of 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 purchasing an additional 410 shares during the last quarter. Eastern Bank bought a new position in shares of Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC bought a new stake in Robinhood Markets during the third quarter valued at $30,000. ORG Partners LLC purchased a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $33,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets in the third quarter worth approximately $33,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price target on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Piper Sandler raised their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Citigroup boosted their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $38.13.

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.