Robinhood Markets (NASDAQ:HOOD) Director Sells $55,684,971.18 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $133.11, for a total transaction of $55,684,971.18. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction of $49,957,923.96.
• On Thursday, August 14th, Baiju Bhatt sold 418,338 shares of Robinhood Markets stock. The shares were sold at an average price of $109.39, for a total transaction of $45,761,993.82.
• On Friday, August 1st, Baiju Bhatt sold 1,568,421 shares of Robinhood Markets stock. The shares were sold at an average price of $99.98, for a total transaction of $156,810,731.58.
• On Friday, August 1st, Baiju Bhatt sold 10,518 shares of Robinhood Markets stock. The shares were sold at an average price of $100.10, for a total transaction of $1,052,851.80.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $139.79 on Friday. The firm has a market cap of $124.23 billion, a PE ratio of 70.96, a P/E/G ratio of 3.63 and a beta of 2.42. Robinhood Markets, Inc. has a one year low of $23.00 and a one year high of $153.86. The firm’s fifty day moving average is $123.41 and its two-hundred day moving average is $92.70.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The company had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. Robinhood Markets’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 1.8% during the second quarter. Vanguard Group Inc. now owns 75,612,131 shares of the company’s stock worth $7,079,564,000 after buying an additional 1,371,051 shares in the last quarter. State Street Corp boosted its holdings in Robinhood Markets by 9.2% during the second quarter. State Street Corp now owns 15,870,421 shares of the company’s stock worth $1,485,948,000 after buying an additional 1,341,204 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Robinhood Markets by 4.0% in the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after purchasing an additional 507,926 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Robinhood Markets by 3,615.7% in the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after purchasing an additional 11,244,182 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Robinhood Markets in the second quarter valued at about $973,122,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Robinhood Markets from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Citizens Jmp boosted their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “mkt outperform” rating in a research note on Thursday, October 9th. Mizuho boosted their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Finally, KeyCorp boosted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $118.94.

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.