Silicon Valley Capital Partners Makes New $37,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets in the fourth quarter valued at about $26,000. HM Payson & Co. raised its position in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares during the period. Eastern Bank bought a new position in shares of Robinhood Markets in the third quarter valued at about $30,000. True Wealth Design LLC bought a new position in shares of Robinhood Markets in the third quarter valued at about $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets in the third quarter valued at about $33,000. 93.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Raymond James assumed coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a “market perform” rating on the stock. KeyCorp upped their price target on shares of Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Sanford C. Bernstein upped their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Citigroup upped their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Piper Sandler upped their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.67.

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the transaction, the insider now owns 706,642 shares in the company, valued at $36,462,727.20. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction that occurred 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. Over the last 90 days, insiders sold 3,857,561 shares of company stock valued at $159,976,719. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Trading Up 5.1 %

HOOD stock opened at $55.86 on Monday. The stock has a market capitalization of $49.38 billion, a P/E ratio of 94.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. Robinhood Markets, Inc. has a 12 month low of $11.00 and a 12 month high of $55.98. The firm has a 50-day moving average price of $43.49 and a 200-day moving average price of $31.26.

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.