Atria Wealth Solutions Inc. Buys 12,260 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Atria Wealth Solutions Inc. increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 45.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,174 shares of the company’s stock after purchasing an additional 12,260 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Robinhood Markets were worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of Robinhood Markets by 31.1% in the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after purchasing an additional 16,219 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Robinhood Markets during the fourth quarter valued at approximately $634,000. Atomi Financial Group Inc. raised its stake in Robinhood Markets by 20.7% in the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock worth $20,154,000 after buying an additional 92,613 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in Robinhood Markets during the fourth quarter worth $266,000. Finally, Baker Avenue Asset Management LP lifted its holdings in Robinhood Markets by 77.9% during the third quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock worth $10,874,000 after buying an additional 203,354 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 19,861 shares of Robinhood Markets stock in a transaction dated Sunday, December 1st. The stock was sold at an average price of $37.54, for a total transaction of $745,581.94. Following the completion of the transaction, the insider now owns 395,166 shares in the company, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Meyer Malka sold 1,535,681 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the sale, the director now owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. This represents a 23.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,520,607 shares of company stock valued at $200,784,430 in the last ninety days. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $51.60 on Monday. The business’s 50-day simple moving average is $47.42 and its two-hundred day simple moving average is $34.03. The company has a market cap of $45.61 billion, a PE ratio of 32.87, a PEG ratio of 1.05 and a beta of 2.13. Robinhood Markets, Inc. has a fifty-two week low of $13.59 and a fifty-two week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results 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 return on equity of 13.53% and a net margin of 47.81%. As a group, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HOOD. Morgan Stanley lifted their price target on Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $38.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Needham & Company LLC increased their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wolfe Research cut shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.53.

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.