Machina Capital S.A.S. Has $498,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Machina Capital S.A.S. cut its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,353 shares of the company’s stock after selling 4,905 shares during the quarter. Machina Capital S.A.S.’s holdings in Robinhood Markets were worth $498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. Silicon Valley Capital Partners acquired a new position in Robinhood Markets during the fourth quarter worth $37,000. Bogart Wealth LLC bought a new position in Robinhood Markets in the fourth quarter valued at $37,000. Spire Wealth Management increased its stake in Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after buying an additional 549 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock worth $42,000 after buying an additional 643 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Down 0.9 %

Shares of NASDAQ:HOOD opened at $44.42 on Friday. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The stock has a market cap of $39.33 billion, a PE ratio of 28.29, a P/E/G ratio of 1.05 and a beta of 2.14. The business has a 50 day moving average of $49.03 and a 200-day moving average of $35.92.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Raymond James began coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a “market perform” rating on the stock. KeyCorp raised their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald initiated coverage on shares of Robinhood Markets in a research report on Thursday. They set an “overweight” rating and a $69.00 price target on the stock. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $60.13.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the sale, the chief technology officer now owns 17,559 shares of the company’s stock, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,171,641 shares of company stock worth $149,567,157 over the last quarter. Company 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.