Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 90,866 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the completion of the sale, the director now directly owns 5,042 shares in the company, valued at $279,024.28. This represents a 94.74 % decrease in their ownership of the stock. The sale 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 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 transaction of $4,604,180.22.
• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The shares were sold at an average price of $45.27, for a total transaction of $4,113,503.82.
• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The shares were sold at an average price of $40.37, for a total transaction 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 transaction of $7,111,778.82.

Robinhood Markets Trading Down 5.2 %

Shares of Robinhood Markets stock opened at $53.34 on Wednesday. The company’s fifty day simple moving average is $44.16 and its two-hundred day simple moving average is $31.73. The company has a market cap of $47.15 billion, a P/E ratio of 90.41, a PEG ratio of 0.73 and a beta of 2.13. Robinhood Markets, Inc. has a 12-month low of $11.43 and a 12-month high of $57.27.

Wall Street Analyst Weigh In

A number of brokerages have commented on HOOD. Keefe, Bruyette & Woods increased their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Sanford C. Bernstein increased their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price target for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Mizuho increased their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, KeyCorp raised their target price on shares of Robinhood Markets from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HOOD. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets during the 4th quarter valued at $26,000. HM Payson & Co. increased its position in Robinhood Markets by 53.5% during the 3rd 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 period. Eastern Bank purchased a new position in Robinhood Markets during the 3rd quarter valued at $30,000. True Wealth Design LLC purchased a new position in Robinhood Markets during the 3rd quarter valued at $30,000. Finally, Creative Financial Designs Inc. ADV increased its position in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.