Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 90,866 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 90,866 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the transaction, the director now owns 5,042 shares in the company, valued at approximately $279,024.28. The trade was a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value 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 value 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 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.

Robinhood Markets Stock Up 2.3 %

NASDAQ:HOOD traded up $1.49 during mid-day trading on Friday, hitting $65.29. 32,446,357 shares of the company traded hands, compared to its average volume of 24,045,859. The stock's fifty day moving average price is $44.98 and its 200-day moving average price is $32.13. Robinhood Markets, Inc. has a one year low of $13.04 and a one year high of $66.91. The firm has a market cap of $57.72 billion, a price-to-earnings ratio of 110.46, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Equities analysts predict that Robinhood Markets, Inc. will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HOOD. Needham & Company LLC lifted their price objective on Robinhood Markets from $52.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday. Mizuho lifted their price objective on Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods lifted their price objective on Robinhood Markets from $24.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. JMP Securities lifted their price objective on Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday. Finally, The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.07.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at about $26,000. Creative Financial Designs Inc. ADV lifted its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after acquiring an additional 750 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets in the fourth quarter valued at about $37,000. Bogart Wealth LLC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at about $37,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at about $41,000. 93.27% of the stock is currently 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.