Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 47,023 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at approximately $233,797.54. This trade represents a 90.32 % decrease in their position. 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 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 shares were sold at an average price of $62.70, for a total value of $32,740,686.00.
- On Friday, February 7th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44.
- 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 transaction of $4,113,503.82.
- On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The stock was sold at an average price of $40.37, for a total transaction of $9,230,398.65.
Robinhood Markets Trading Down 7.1 %
Shares of HOOD opened at $44.73 on Thursday. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The stock has a market cap of $39.61 billion, a P/E ratio of 28.49, a PEG ratio of 1.05 and a beta of 2.14. The company has a 50-day moving average of $49.33 and a two-hundred day moving average of $37.87.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Robinhood Markets
A number of institutional investors have recently made changes to their positions in HOOD. FMR LLC increased its position in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares in the last quarter. Norges Bank acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $329,598,000. GQG Partners LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth about $302,325,000. Artisan Partners Limited Partnership acquired a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Robinhood Markets by 335.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after buying an additional 3,994,745 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HOOD has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. KeyCorp raised their price target on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Raymond James initiated coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating on the stock. Finally, JMP Securities raised their target price on Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.29.
Check Out Our Latest Research Report on Robinhood Markets
About Robinhood Markets
(
Get Free Report)
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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