Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $4,113,503.82 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the transaction, the director now owns 5,042 shares of the company’s stock, valued at approximately $228,251.34. This represents a 94.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $9,230,398.65.
• On Wednesday, December 11th, Baiju Bhatt sold 186,514 shares of Robinhood Markets stock. The shares were sold at an average price of $38.13, for a total value 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 transaction of $2,715,382.88.

Robinhood Markets Price Performance

HOOD opened at $48.15 on Monday. The firm has a market capitalization of $42.56 billion, a P/E ratio of 81.61, a price-to-earnings-growth ratio of 0.58 and a beta of 2.07. The company has a fifty day moving average price of $38.63 and a 200-day moving average price of $28.25. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $49.27.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) 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 company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s revenue was up 36.4% on a year-over-year basis. On average, analysts expect that Robinhood Markets, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HOOD. Needham & Company LLC restated a “buy” rating and issued a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. KeyCorp raised their price objective on Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JMP Securities raised their price objective on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley lifted their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.07.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in Robinhood Markets by 9.6% during the 2nd quarter. Victory Capital Management Inc. now owns 63,337 shares of the company’s stock valued at $1,438,000 after buying an additional 5,534 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Robinhood Markets during the second quarter valued at about $486,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Robinhood Markets by 110.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 49,260 shares of the company’s stock worth $1,117,000 after purchasing an additional 25,875 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Robinhood Markets by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,075,468 shares of the company’s stock worth $92,549,000 after purchasing an additional 112,967 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Robinhood Markets by 21.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,071 shares of the company’s stock valued at $615,000 after purchasing an additional 4,843 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.