Fiduciary Planning LLC Invests $343,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Fiduciary Planning LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,200 shares of the company’s stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HOOD. HM Payson & Co. raised its position in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the last quarter. Commerce Bank raised its position in shares of Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after buying an additional 423 shares during the last quarter. Signaturefd LLC raised its position in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock valued at $80,000 after buying an additional 487 shares during the last quarter. Spire Wealth Management raised its position in shares of Robinhood Markets by 104.6% during the fourth 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, Castleview Partners LLC raised its position in shares of Robinhood Markets by 18.2% during the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after buying an additional 582 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HOOD shares. Citigroup lifted their price objective on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Sanford C. Bernstein raised their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $46.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods raised their target price on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 target price (up from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $43.73.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $51.95 on Monday. Robinhood Markets, Inc. has a fifty-two week low of $10.51 and a fifty-two week high of $53.51. The stock’s 50-day simple moving average is $41.88 and its 200-day simple moving average is $30.18. The firm has a market capitalization of $45.92 billion, a price-to-earnings ratio of 88.05, a PEG ratio of 0.70 and a beta of 2.13.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total value of $222,817.92. Following the completion of the sale, the chief technology officer now directly owns 11,752 shares of the company’s stock, valued at $445,635.84. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Baiju Bhatt sold 108,964 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the completion of the sale, the director now directly owns 2,521 shares of the company’s stock, valued at $62,823.32. This trade represents a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,047,400 shares of company stock valued at $164,578,352 in the last three months. 19.95% of the stock is currently owned by company insiders.

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.