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

Aigen Investment Management LP acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,880 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. Vanguard Group Inc. raised its position in Robinhood Markets by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after purchasing an additional 1,003,535 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in Robinhood Markets by 77.9% in the third quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock valued at $10,874,000 after acquiring an additional 203,354 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in Robinhood Markets by 87.1% in the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after acquiring an additional 2,700 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Robinhood Markets by 146.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,161,240 shares of the company’s stock worth $27,196,000 after acquiring an additional 690,467 shares during the last quarter. Finally, O Neil Global Advisors Inc. acquired a new position in Robinhood Markets during the 2nd quarter worth approximately $2,298,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total transaction of $4,815,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the sale, the insider now owns 1,045,068 shares of the company’s stock, valued at approximately $20,201,164.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,710,549 shares of company stock worth $115,477,194 in the last 90 days. 19.95% of the stock is owned by company insiders.

Robinhood Markets Stock Performance

Shares of HOOD opened at $33.00 on Wednesday. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $34.32. The company’s 50 day simple moving average is $24.69 and its 200 day simple moving average is $22.05. The company has a market capitalization of $29.17 billion, a price-to-earnings ratio of 55.93, a PEG ratio of 0.79 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS. Equities analysts expect that Robinhood Markets, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. The Goldman Sachs Group dropped their price objective on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Robinhood Markets from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday. Finally, Morgan Stanley upped their price objective on shares of Robinhood Markets from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. One equities 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 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.