Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $5,210,593.04 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 94,156 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $55.34, for a total value of $5,210,593.04. Following the completion of the transaction, the director now directly owns 7,863 shares of the company's stock, valued at approximately $435,138.42. This represents a 92.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, April 28th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The shares were sold at an average price of $50.67, for a total transaction of $4,770,884.52.
• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total value of $2,133,710.91.
• On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28.
• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total value of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88.
• On Thursday, February 13th, Baiju Bhatt sold 522,180 shares of Robinhood Markets stock. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $5.14 on Tuesday, hitting $62.57. 57,151,748 shares of the company's stock were exchanged, compared to its average volume of 26,279,365. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The company has a market capitalization of $55.40 billion, a PE ratio of 39.85, a P/E/G ratio of 1.05 and a beta of 2.15. The firm's 50-day moving average is $43.57 and its 200 day moving average is $42.82.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Norges Bank purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $329,598,000. GQG Partners LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $302,325,000. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 8.6% during the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock worth $3,089,914,000 after acquiring an additional 5,874,701 shares during the last quarter. Finally, AGF Management Ltd. increased its holdings in shares of Robinhood Markets by 286.0% in the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after acquiring an additional 4,255,862 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup lowered their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Barclays reduced their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Mizuho increased their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and an average target price of $53.41.

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.

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