Fullcircle Wealth LLC Sells 4,940 Shares of Robinhood Markets, Inc. $HOOD

Fullcircle Wealth LLC decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 32.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,425 shares of the company’s stock after selling 4,940 shares during the quarter. Fullcircle Wealth LLC’s holdings in Robinhood Markets were worth $976,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HOOD. Hantz Financial Services Inc. raised its position in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares during the period. Hemington Wealth Management increased its position in Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Wayfinding Financial LLC bought a new position in Robinhood Markets during the first quarter worth $30,000. Pandora Wealth Inc. bought a new position in Robinhood Markets during the first quarter worth $33,000. Finally, V Square Quantitative Management LLC bought a new position in Robinhood Markets during the second quarter worth $36,000. Institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HOOD. Mizuho boosted their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Citizens Jmp boosted their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “mkt outperform” rating in a report on Thursday, October 9th. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $125.10.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $147.08 on Tuesday. Robinhood Markets, Inc. has a 52 week low of $23.54 and a 52 week high of $153.86. The company’s fifty day moving average is $127.76 and its 200-day moving average is $97.74. The company has a market capitalization of $130.71 billion, a PE ratio of 74.66, a P/E/G ratio of 3.81 and a beta of 2.42.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $146.91, for a total value of $861,480.24. Following the sale, the chief technology officer owned 6,088 shares in the company, valued at approximately $894,388.08. The trade was a 49.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The SEC filing for this sale provides additional information. Insiders have sold 3,312,392 shares of company stock worth $393,476,209 in the last three months. Company insiders own 19.95% of the company’s stock.

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.