Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) Director Baiju Bhatt sold 16,667 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $17.16, for a total value of $286,005.72. Following the completion of the transaction, the director now directly owns 36,045 shares in the company, valued at $618,532.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Baiju Bhatt also recently made the following trade(s):
- On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $17.17, for a total value of $286,172.39.
- On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total value of $2,579,274.57.
- On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total transaction of $269,505.39.
- On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The shares were sold at an average price of $15.10, for a total transaction of $7,288,271.70.
- On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.
Robinhood Markets Price Performance
Shares of Robinhood Markets stock opened at $17.31 on Thursday. The stock has a market capitalization of $15.14 billion, a P/E ratio of -28.85 and a beta of 1.69. The business has a 50 day simple moving average of $17.23 and a two-hundred day simple moving average of $12.84. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $20.55.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods started coverage on Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. Piper Sandler lifted their target price on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Citigroup downgraded shares of Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price target for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.88.
Check Out Our Latest Stock Analysis on HOOD
Institutional Trading of Robinhood Markets
A number of hedge funds have recently bought and sold shares of HOOD. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 4.5% in the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after purchasing an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Robinhood Markets by 6.4% during the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after acquiring an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Robinhood Markets by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after acquiring an additional 2,517,012 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Robinhood Markets by 9.6% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock valued at $360,514,000 after purchasing an additional 2,486,986 shares during the period. Finally, Norges Bank purchased a new position in Robinhood Markets during the fourth quarter worth about $84,165,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
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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