Geneos Wealth Management Inc. Has $327,000 Holdings in Robinhood Markets, Inc. $HOOD

Geneos Wealth Management Inc. grew its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 43.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,860 shares of the company’s stock after purchasing an additional 2,398 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Robinhood Markets were worth $327,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cigna Investments Inc. New grew its position in shares of Robinhood Markets by 2.7% during the 1st quarter. Cigna Investments Inc. New now owns 6,730 shares of the company’s stock worth $280,000 after buying an additional 174 shares during the period. Hemington Wealth Management boosted its stake in Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Farther Finance Advisors LLC grew 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 purchasing an additional 265 shares during the period. Allworth Financial LP increased its stake in Robinhood Markets by 23.4% in the first quarter. Allworth Financial LP now owns 1,401 shares of the company’s stock valued at $58,000 after purchasing an additional 266 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in Robinhood Markets by 0.8% in the first quarter. HighPoint Advisor Group LLC now owns 36,510 shares of the company’s stock valued at $1,520,000 after purchasing an additional 272 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Down 0.2%

Shares of HOOD opened at $114.83 on Tuesday. Robinhood Markets, Inc. has a 1-year low of $21.50 and a 1-year high of $123.44. The firm has a market cap of $102.05 billion, a PE ratio of 58.29, a P/E/G ratio of 4.11 and a beta of 2.36. The firm has a fifty day simple moving average of $106.42 and a two-hundred day simple moving average of $74.26.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $893.93 million. During the same quarter last year, the company posted $0.21 EPS. The company’s revenue was up 45.0% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. 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 research note on Monday, June 9th. Piper Sandler began coverage on shares of Robinhood Markets in a research report on Wednesday, September 10th. They set an “overweight” rating and a $120.00 target price for the company. The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Mizuho raised their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Finally, JMP Securities boosted their price objective on Robinhood Markets from $125.00 to $130.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $101.88.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $93.27, for a total transaction of $69,952,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $99.97, for a total transaction of $22,493,250.00. Following the completion of the transaction, the insider directly owned 591,887 shares in the company, valued at $59,170,943.39. This trade represents a 27.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,773,719 shares of company stock valued at $589,293,510. 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.