Fiduciary Planning LLC Has $879,000 Holdings in Robinhood Markets, Inc. $HOOD

Fiduciary Planning LLC lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,393 shares of the company’s stock after purchasing an additional 193 shares during the quarter. Fiduciary Planning LLC’s holdings in Robinhood Markets were worth $879,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. True Vision MN LLC increased its stake in Robinhood Markets by 1.7% in the 2nd quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock valued at $642,000 after buying an additional 116 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Robinhood Markets by 22.5% in the 2nd quarter. Hemington Wealth Management now owns 779 shares of the company’s stock valued at $72,000 after acquiring an additional 143 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Robinhood Markets by 2.3% in the second quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock valued at $620,000 after acquiring an additional 148 shares during the last quarter. REAP Financial Group LLC raised its holdings in Robinhood Markets by 44.1% during the second quarter. REAP Financial Group LLC now owns 523 shares of the company’s stock worth $49,000 after acquiring an additional 160 shares in the last quarter. Finally, Cigna Investments Inc. New raised its holdings in Robinhood Markets by 2.7% during the first quarter. Cigna Investments Inc. New now owns 6,730 shares of the company’s stock worth $280,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $129.91 on Monday. The business has a fifty day simple moving average of $121.26 and a two-hundred day simple moving average of $89.63. Robinhood Markets, Inc. has a 1 year low of $23.00 and a 1 year high of $153.86. The company has a market capitalization of $115.45 billion, a price-to-earnings ratio of 65.94, a P/E/G ratio of 3.43 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. The firm had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 60,113 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total value of $6,066,002.83. Following the transaction, the insider owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $99.97, for a total value of $22,493,250.00. Following the transaction, the insider owned 591,887 shares in the company, valued at approximately $59,170,943.39. This trade represents a 27.54% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,181,462 shares of company stock worth $567,328,871. 19.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HOOD shares. Morgan Stanley boosted their price target on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group raised their target price on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald boosted their target price on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Citigroup increased their price target on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Barclays lifted their price objective on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.94.

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.