GenTrust LLC Decreases Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

GenTrust LLC lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 91.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 13,359 shares of the company’s stock after selling 141,854 shares during the quarter. GenTrust LLC’s holdings in Robinhood Markets were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. SFG Wealth Management LLC. bought a new stake in shares of Robinhood Markets during the 1st quarter valued at about $212,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Robinhood Markets by 71.2% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,455 shares of the company’s stock worth $61,000 after acquiring an additional 605 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Robinhood Markets by 72.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,426 shares of the company’s stock worth $434,000 after acquiring an additional 4,370 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Robinhood Markets during the 1st quarter valued at $233,000. Finally, Generate Investment Management Ltd raised its holdings in Robinhood Markets by 13.9% in the 1st quarter. Generate Investment Management Ltd now owns 367,717 shares of the company’s stock worth $15,304,000 after purchasing an additional 44,980 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 0.9%

NASDAQ:HOOD opened at $82.75 on Thursday. The business’s 50-day moving average is $62.15 and its 200 day moving average is $50.85. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $85.55. The company has a market capitalization of $73.27 billion, a P/E ratio of 47.02, a P/E/G ratio of 4.84 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business’s revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

HOOD has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Barclays lowered their price objective on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. KeyCorp cut their price objective on Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. JMP Securities restated a “market outperform” rating and set a $70.00 target price on shares of Robinhood Markets in a research note on Thursday, May 1st. Finally, Compass Point began coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 223,072 shares of the business’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $41.24, for a total value of $9,199,489.28. Following the sale, the director now directly owns 7,863 shares in the company, valued at $324,270.12. The trade was a 96.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,380,434 shares of company stock worth $131,340,572. Insiders own 14.47% 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.