Geneos Wealth Management Inc. Has $273,000 Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Geneos Wealth Management Inc. lowered its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,546 shares of the company’s stock after selling 1,353 shares during the period. Geneos Wealth Management Inc.’s holdings in Robinhood Markets were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 4.5% during the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock worth $561,732,000 after purchasing an additional 2,459,702 shares during the last quarter. ARK Investment Management LLC increased its position in Robinhood Markets by 6.4% in the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock valued at $445,087,000 after acquiring an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Robinhood Markets by 9.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after acquiring an additional 2,517,012 shares during the last quarter. Nikko Asset Management Americas Inc. grew its stake in shares of Robinhood Markets by 9.6% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock worth $360,514,000 after purchasing an additional 2,486,986 shares during the last quarter. Finally, Norges Bank acquired a new stake in Robinhood Markets in the fourth quarter valued at $84,165,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of several recent research reports. Mizuho increased their price target on Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, May 6th. KeyCorp boosted their price target on shares of Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a research note on Thursday, June 6th. Barclays upped their price target on shares of Robinhood Markets from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Citigroup lifted their price objective on Robinhood Markets from $16.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.10.

Robinhood Markets Stock Up 0.5 %

Shares of HOOD opened at $22.14 on Friday. The business’s fifty day moving average is $21.03 and its 200 day moving average is $17.06. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $24.28. The stock has a market cap of $19.46 billion, a P/E ratio of 146.93 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The company had revenue of $618.00 million during the quarter, compared to the consensus estimate of $552.74 million. During the same period in the previous year, the firm posted ($0.57) earnings per share. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. On average, analysts expect that Robinhood Markets, Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jason Warnick sold 5,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total value of $83,600.00. Following the completion of the sale, the chief financial officer now directly owns 997,407 shares of the company’s stock, valued at approximately $16,676,645.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Robinhood Markets news, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $16.72, for a total value of $83,600.00. Following the completion of the sale, the chief financial officer now directly owns 997,407 shares of the company’s stock, valued at approximately $16,676,645.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $22.80, for a total value of $285,000.00. Following the completion of the transaction, the insider now owns 956,247 shares in the company, valued at approximately $21,802,431.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,494,233 shares of company stock valued at $29,762,641. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets 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.