Atomi Financial Group Inc. Has $20.15 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Atomi Financial Group Inc. lifted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 20.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 540,910 shares of the company’s stock after buying an additional 92,613 shares during the period. Robinhood Markets makes up about 1.0% of Atomi Financial Group Inc.’s holdings, making the stock its 22nd largest holding. Atomi Financial Group Inc.’s holdings in Robinhood Markets were worth $20,154,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Perpetual Ltd acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $1,139,000. Harbor Investment Advisory LLC bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $283,000. Clarius Group LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $302,000. Udine Wealth Management Inc. raised its holdings in shares of Robinhood Markets by 70.2% in the 4th quarter. Udine Wealth Management Inc. now owns 78,447 shares of the company’s stock valued at $2,923,000 after purchasing an additional 32,357 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Robinhood Markets in the 4th quarter valued at about $668,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 4.5 %

NASDAQ HOOD opened at $48.15 on Tuesday. The firm’s 50 day simple moving average is $38.94 and its 200 day simple moving average is $28.43. The firm has a market capitalization of $42.56 billion, a price-to-earnings ratio of 81.61, a P/E/G ratio of 0.70 and a beta of 2.07. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $49.27.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same period in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price target on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. JMP Securities boosted their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Barclays increased their price objective on Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.07.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.27, for a total value of $4,113,503.82. Following the sale, the director now owns 5,042 shares in the company, valued at $228,251.34. This trade represents a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64. Following the transaction, the chief technology officer now owns 5,876 shares of the company’s stock, valued at $250,552.64. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,700,658 shares of company stock worth $140,360,682 over the last 90 days. Insiders own 19.95% of the company’s stock.

Robinhood Markets 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.