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

GenTrust LLC trimmed its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 91.4% in the first quarter, according to its most recent filing with the SEC. The fund 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 filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Robinhood Markets by 750.0% in 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 period. Colonial Trust Co SC bought a new position in Robinhood Markets during the 4th quarter worth $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in 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 buying an additional 498 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Performance

HOOD stock opened at $82.75 on Thursday. The firm has a market cap 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. The firm's fifty day moving average is $62.15 and its 200 day moving average is $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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate 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 net margin of 48.77% and a return on equity of 15.42%. The business's revenue was up 50.0% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. As a group, analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HOOD. KeyCorp decreased their price target 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. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 price objective on shares of Robinhood Markets in a research note on Tuesday, May 27th. Compass Point began coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 target price for the company. Finally, Barclays cut their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Insider Activity

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company'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 sale, the chief technology officer now directly owns 14,772 shares of the company's stock, valued at $1,149,557.04. This represents a 28.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 223,072 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $41.24, for a total transaction of $9,199,489.28. Following the transaction, the director now directly owns 7,863 shares of the company's stock, valued at $324,270.12. This represents a 96.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,380,434 shares of company stock valued at $131,340,572. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.