Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 223,072 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 223,072 shares of Robinhood Markets stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $41.24, for a total transaction of $9,199,489.28. Following the sale, the director now directly owns 7,863 shares in the company, valued at $324,270.12. The trade was a 96.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The stock was sold at an average price of $43.21, for a total value of $9,658,644.88.
• 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.

Robinhood Markets Price Performance

HOOD stock opened at $41.18 on Friday. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The company has a market cap of $36.46 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The stock’s fifty day moving average price is $45.46 and its 200-day moving average price is $39.92.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays cut their price target on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Piper Sandler raised their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Compass Point initiated coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They set a “buy” rating and a $61.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.06.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MML Investors Services LLC increased its holdings in Robinhood Markets by 58.0% during the third quarter. MML Investors Services LLC now owns 51,839 shares of the company’s stock valued at $1,214,000 after buying an additional 19,027 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Robinhood Markets by 44.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,216 shares of the company’s stock valued at $1,481,000 after acquiring an additional 19,345 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Robinhood Markets during the 3rd quarter valued at $351,000. Franklin Resources Inc. purchased a new stake in shares of Robinhood Markets in the 3rd quarter worth $6,321,000. Finally, Garden State Investment Advisory Services LLC bought a new position in Robinhood Markets in the 3rd quarter worth $263,000. Hedge funds and other 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.