Aigen Investment Management LP Purchases New Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Aigen Investment Management LP acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,880 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Robinhood Markets during the first quarter worth $34,000. Quantbot Technologies LP acquired a new position in Robinhood Markets in the 1st quarter worth $521,000. Empowered Funds LLC acquired a new stake in shares of Robinhood Markets during the first quarter valued at about $262,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Robinhood Markets by 25.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 35,347 shares of the company’s stock worth $712,000 after acquiring an additional 7,271 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in shares of Robinhood Markets by 5.3% in the first quarter. Angeles Wealth Management LLC now owns 12,207 shares of the company’s stock worth $246,000 after acquiring an additional 610 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jason Warnick sold 25,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $20.96, for a total transaction of $524,000.00. Following the transaction, the chief financial officer now directly owns 1,077,162 shares of the company’s stock, valued at approximately $22,577,315.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Meyer Malka sold 105,875 shares of Robinhood Markets stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the transaction, the director now directly owns 28,930,243 shares in the company, valued at approximately $867,907,290. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Warnick sold 25,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $20.96, for a total value of $524,000.00. Following the completion of the sale, the chief financial officer now owns 1,077,162 shares of the company’s stock, valued at approximately $22,577,315.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,710,549 shares of company stock worth $115,477,194. 19.95% of the stock is owned by company insiders.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $33.00 on Wednesday. The firm has a market capitalization of $29.17 billion, a P/E ratio of 55.93, a P/E/G ratio of 0.79 and a beta of 1.84. The company has a 50-day simple moving average of $24.69 and a 200-day simple moving average of $22.05. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $34.32.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the previous year, the business posted ($0.09) EPS. Robinhood Markets’s revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analyst Weigh In

HOOD has been the topic of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Robinhood Markets from $23.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their target price on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Robinhood Markets from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Hold” and an average target price of $26.10.

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.