Baiju Bhatt Sells 418,338 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $116.56, for a total transaction of $48,761,477.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 17th, Baiju Bhatt sold 418,338 shares of Robinhood Markets stock. The shares were sold at an average price of $116.56, for a total value of $48,761,477.28.
• On Friday, November 7th, Baiju Bhatt sold 1,330,000 shares of Robinhood Markets stock. The stock was sold at an average price of $128.47, for a total value of $170,865,100.00.
• On Tuesday, October 21st, Baiju Bhatt sold 418,338 shares of Robinhood Markets stock. The shares were 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 shares were sold at an average price of $119.42, for a total value of $49,957,923.96.

Robinhood Markets Stock Performance

NASDAQ:HOOD traded up $3.86 during mid-day trading on Wednesday, reaching $118.16. The stock had a trading volume of 24,697,555 shares, compared to its average volume of 40,003,195. The stock has a market capitalization of $106.25 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.59 and a beta of 2.42. The firm has a 50 day moving average price of $132.70 and a two-hundred day moving average price of $104.10. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business’s revenue was up 100.0% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently modified their holdings of HOOD. Valley National Advisers Inc. lifted its holdings in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Robinhood Markets by 107.6% during the third 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. Vision Financial Markets LLC grew its stake in Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Robinhood Markets in the third quarter worth $29,000. Finally, Guerra Advisors Inc purchased a new position in Robinhood Markets during the third quarter valued at $30,000. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HOOD shares. Bank of America upped their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Mizuho increased their target price on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Keefe, Bruyette & Woods lifted their price target on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. JMP Securities increased their price objective on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Robinhood Markets in a report on Thursday, November 13th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.