Atlantic Private Wealth LLC Sells 1,683 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Atlantic Private Wealth LLC cut its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,117 shares of the company’s stock after selling 1,683 shares during the quarter. Robinhood Markets accounts for about 0.3% of Atlantic Private Wealth LLC’s investment portfolio, making the stock its 29th largest holding. Atlantic Private Wealth LLC’s holdings in Robinhood Markets were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HOOD. New Wave Wealth Advisors LLC bought a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $26,000. True Wealth Design LLC bought a new stake in Robinhood Markets during the third quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the period. Silicon Valley Capital Partners bought a new stake in Robinhood Markets during the fourth quarter valued at approximately $37,000. Finally, Bogart Wealth LLC bought a new stake in Robinhood Markets during the fourth quarter valued at approximately $37,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Performance

HOOD stock opened at $42.80 on Thursday. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The company’s fifty day moving average price is $48.90 and its 200-day moving average price is $36.94. The company has a market capitalization of $37.90 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 228,645 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $40.37, for a total transaction of $9,230,398.65. Following the transaction, the director now owns 5,042 shares in the company, valued at $203,545.54. This trade represents a 97.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,985,127 shares of company stock worth $142,455,378. Insiders own 19.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Citigroup boosted their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Mizuho boosted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Raymond James began coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

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.