GenTrust LLC Sells 141,854 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

GenTrust LLC lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 91.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,359 shares of the company's stock after selling 141,854 shares during the period. GenTrust LLC's holdings in Robinhood Markets were worth $556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HOOD. Whipplewood Advisors LLC boosted its position in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the last quarter. CoreCap Advisors LLC boosted its position in Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Robinhood Markets in the fourth quarter worth about $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Robinhood Markets by 139.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Ratings Changes

HOOD has been the topic of several research reports. Redburn Atlantic restated a "sell" rating and set a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Compass Point increased their price target on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, JMP Securities reissued a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.29.

Robinhood Markets Stock Down 1.8%

Shares of HOOD traded down $1.49 during trading hours on Friday, reaching $83.03. The stock had a trading volume of 36,890,636 shares, compared to its average volume of 28,105,863. The firm has a 50-day moving average of $63.85 and a 200 day moving average of $51.66. The company has a market cap of $73.52 billion, a P/E ratio of 47.18, a P/E/G ratio of 4.90 and a beta of 2.25. 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million for 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%. Robinhood Markets's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 92,257 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $84.96, for a total transaction of $7,838,154.72. Following the completion of the transaction, the insider now owns 136,364 shares in the company, valued at approximately $11,585,485.44. This represents a 40.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $77.82, for a total value of $456,336.48. Following the completion of the transaction, the chief technology officer now owns 14,772 shares of the company's stock, valued at $1,149,557.04. The trade was a 28.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,472,691 shares of company stock worth $139,178,726. Corporate insiders own 19.95% of the company's stock.

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.