Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 47,133 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $45.27, for a total transaction of $2,133,710.91. Following the sale, the director now directly owns 7,863 shares of the company's stock, valued at approximately $355,958.01. This represents a 85.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Baiju Bhatt also recently made the following trade(s):
- On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The shares were 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 stock was sold at an average price of $43.21, for a total value 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 transaction of $32,740,686.00.
- On Friday, February 7th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The shares were sold at an average price of $55.34, for a total transaction of $5,028,524.44.
Robinhood Markets Stock Up 2.7 %
Shares of Robinhood Markets stock opened at $49.45 on Friday. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The firm has a market capitalization of $43.79 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The stock's fifty day moving average is $43.49 and its 200-day moving average is $40.79.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
Hedge Funds Weigh In On Robinhood Markets
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares during the period. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets during the 4th quarter valued at about $26,000. CoreCap Advisors LLC lifted its position in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares during the period. Finally, Colonial Trust Co SC acquired a new position in Robinhood Markets in the 4th quarter valued at approximately $34,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered 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. Cantor Fitzgerald initiated coverage on Robinhood Markets in a research report on Thursday, March 6th. They set an "overweight" rating and a $69.00 price target for the company. KeyCorp lowered their price target on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Needham & Company LLC reduced their price objective on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a report on Friday, March 28th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average price target of $53.88.
View Our Latest Report on HOOD
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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