Generate Investment Management Ltd Has $15.30 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Generate Investment Management Ltd lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,717 shares of the company's stock after acquiring an additional 44,980 shares during the period. Generate Investment Management Ltd's holdings in Robinhood Markets were worth $15,304,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MetLife Investment Management LLC increased its position in Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock worth $440,000 after purchasing an additional 171 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Robinhood Markets by 2.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock worth $368,000 after buying an additional 233 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Robinhood Markets by 4.0% in the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after buying an additional 265 shares during the last quarter. First Horizon Advisors Inc. raised its position in Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after acquiring an additional 277 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Robinhood Markets by 28.6% during the first quarter. Blue Trust Inc. now owns 1,998 shares of the company's stock valued at $83,000 after acquiring an additional 444 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Insiders Place Their Bets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares of the company's stock, valued at $201,987.03. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher D. Payne bought 26,500 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the acquisition, the director now owns 26,500 shares in the company, valued at $1,966,035. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 2,380,434 shares of company stock worth $131,340,572. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Stock Up 2.1%

Robinhood Markets stock traded up $1.77 during mid-day trading on Thursday, reaching $84.52. The company had a trading volume of 25,151,968 shares, compared to its average volume of 27,921,354. The firm has a market cap of $74.84 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 4.88 and a beta of 2.25. The company has a 50 day moving average of $62.15 and a 200-day moving average of $50.85. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $85.55.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HOOD shares. Redburn Atlantic restated a "sell" rating and set a $48.00 price target (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. JMP Securities restated a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. Mizuho upped their price target on Robinhood Markets from $65.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Morgan Stanley increased their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.