Geneva Partners LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

Geneva Partners LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,303 shares of the company’s stock, valued at approximately $3,409,000.

Several other large investors also recently modified their holdings of HOOD. Bank of New York Mellon Corp acquired a new position in Robinhood Markets in the second quarter valued at about $379,695,000. Amundi lifted its position in Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after purchasing an additional 3,007,103 shares during the period. Renaissance Technologies LLC grew its stake in Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock worth $353,717,000 after buying an additional 1,668,400 shares in the last quarter. Hound Partners LLC acquired a new stake in Robinhood Markets during the first quarter worth about $73,150,000. Finally, Amova Asset Management Americas Inc. increased its holdings in Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after buying an additional 685,041 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven Quirk sold 24,416 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the transaction, the insider directly owned 77,839 shares in the company, valued at $9,366,366.87. This represents a 23.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the completion of the transaction, the chief financial officer directly owned 56,858 shares of the company’s stock, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,091,347 shares of company stock worth $128,447,880 over the last 90 days. 13.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HOOD has been the subject of several analyst reports. CICC Research boosted their target price on shares of Robinhood Markets from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Rothschild & Co Redburn increased their price target on shares of Robinhood Markets from $78.00 to $80.00 and gave the stock a “sell” rating in a research report on Friday, August 14th. China Renaissance assumed coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They issued a “buy” rating and a $156.80 price objective on the stock. Truist Financial boosted their price objective on shares of Robinhood Markets from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Finally, Barclays upped their target price on Robinhood Markets from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.29.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $92.84 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market cap of $83.47 billion, a PE ratio of 40.90, a P/E/G ratio of 1.89 and a beta of 2.35. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $150.47. The business’s 50-day moving average price is $108.81 and its two-hundred day moving average price is $93.55.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. As a group, analysts expect that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

Key Headlines Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Analysts see significant long-term potential in Robinhood’s expansion beyond traditional brokerage services. Bernstein projects the company’s prediction-markets business could generate approximately $1.7 billion in annual revenue by 2028, potentially surpassing crypto revenue. Bernstein Sees Robinhood Prediction Markets Reaching $1.7 Billion in Revenue by 2028, Topping Crypto
• Positive Sentiment: Robinhood now has 13 business lines generating at least $100 million in annualized revenue, highlighting product diversification and continued growth beyond stock trading. Investors will look for evidence that these newer businesses can produce sustainable margins. Robinhood Is Building 13 Businesses at Once
• Positive Sentiment: Rosenblatt recently initiated coverage with a Buy rating and a $135 price target, calling Robinhood a “generational growth story,” offering a bullish counterpoint to the recent pullback. Robinhood Gains as Rosenblatt Initiates at Buy

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.