Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 1,330,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, October 21st, Baiju Bhatt sold 418,338 shares of Robinhood Markets stock. The stock was sold at an average price of $133.11, for a total value of $55,684,971.18.
• On Wednesday, September 10th, Baiju Bhatt sold 418,338 shares of Robinhood Markets stock. The stock was sold at an average price of $119.42, for a total transaction of $49,957,923.96.
• On Thursday, August 14th, Baiju Bhatt sold 418,338 shares of Robinhood Markets stock. The stock was sold at an average price of $109.39, for a total transaction of $45,761,993.82.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $135.88 on Tuesday. The firm has a market cap of $120.75 billion, a price-to-earnings ratio of 56.38, a P/E/G ratio of 3.05 and a beta of 2.42. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86. The firm’s 50-day simple moving average is $130.74 and its two-hundred day simple moving average is $100.95.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 22.13%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 100.0% compared to the same quarter last year. Analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares in the last quarter. Hemington Wealth Management boosted its holdings in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Valley National Advisers Inc. grew its position in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Finally, Smithfield Trust Co bought a new position in shares of Robinhood Markets in the second quarter worth $29,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HOOD. Keefe, Bruyette & Woods raised their target price on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, October 8th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. Mizuho increased their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, CICC Research started coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

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.