Atlatl Advisers LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

Atlatl Advisers LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,402 shares of the company’s stock, valued at approximately $2,062,000. Robinhood Markets comprises approximately 0.8% of Atlatl Advisers LLC’s investment portfolio, making the stock its 29th largest holding.

Several other large investors also recently made changes to their positions in HOOD. North Star Investment Management Corp. increased its stake in shares of Robinhood Markets by 44.9% in the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in shares of Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 81 shares in the last quarter. CogentBlue Wealth Advisors LLC boosted its position in shares of Robinhood Markets by 3.8% in the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock valued at $342,000 after purchasing an additional 87 shares during the period. ORG Partners LLC boosted its position in shares of Robinhood Markets by 5.5% in the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after buying an additional 97 shares during the period. Finally, Golden State Wealth Management LLC grew its position in Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of analyst reports. Zacks Research cut shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Truist Financial began coverage on Robinhood Markets in a research report on Wednesday, December 17th. They set a “buy” rating and a $155.00 target price for the company. CICC Research started coverage on Robinhood Markets in a report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, KeyCorp boosted their price target on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.62.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Quirk sold 49,942 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value of $6,549,893.30. Following the completion of the transaction, the insider directly owned 54,496 shares in the company, valued at approximately $7,147,150.40. This represents a 47.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,853,425 shares of company stock worth $354,452,058 over the last quarter. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $95.87 on Monday. The business has a fifty day simple moving average of $118.03 and a two-hundred day simple moving average of $119.99. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The company has a market capitalization of $86.20 billion, a P/E ratio of 41.28, a P/E/G ratio of 1.55 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.