Angeles Wealth Management LLC Has $479,000 Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Angeles Wealth Management LLC decreased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,852 shares of the company’s stock after selling 738 shares during the period. Angeles Wealth Management LLC’s holdings in Robinhood Markets were worth $479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank increased its position in Robinhood Markets by 31.1% during the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock worth $1,602,000 after acquiring an additional 16,219 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $634,000. Atomi Financial Group Inc. increased its holdings in shares of Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock worth $20,154,000 after purchasing an additional 92,613 shares during the period. Requisite Capital Management LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $266,000. Finally, Baker Avenue Asset Management LP boosted its stake in shares of Robinhood Markets by 77.9% in the third quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock valued at $10,874,000 after buying an additional 203,354 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the transaction, the insider now directly owns 806,955 shares in the company, valued at approximately $30,268,882.05. This represents a 27.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32. The disclosure for this sale can be found here. Insiders sold a total of 3,857,561 shares of company stock valued at $159,976,719 in the last 90 days. Corporate insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HOOD. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $43.00 in a research note on Tuesday, January 7th. Piper Sandler raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Sanford C. Bernstein increased their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $52.00 target price (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.67.

Robinhood Markets Stock Performance

Shares of HOOD opened at $55.86 on Monday. Robinhood Markets, Inc. has a 52 week low of $11.00 and a 52 week high of $55.98. The stock has a market capitalization of $49.38 billion, a price-to-earnings ratio of 94.68, a PEG ratio of 0.73 and a beta of 2.13. The stock has a fifty day moving average of $43.49 and a 200-day moving average of $31.26.

About Robinhood Markets

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.