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

Aigen Investment Management LP purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,880 shares of the company's stock, valued at approximately $770,000.

Several other institutional investors have also recently made changes to their positions in the stock. GSA Capital Partners LLP increased its position in shares of Robinhood Markets by 182.6% during the 3rd quarter. GSA Capital Partners LLP now owns 80,419 shares of the company's stock worth $1,883,000 after purchasing an additional 51,959 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Robinhood Markets by 77.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company's stock worth $10,874,000 after acquiring an additional 203,354 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Robinhood Markets by 3.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company's stock worth $463,000 after acquiring an additional 598 shares during the period. Covestor Ltd boosted its stake in shares of Robinhood Markets by 180.8% during the 3rd quarter. Covestor Ltd now owns 18,554 shares of the company's stock worth $434,000 after acquiring an additional 11,946 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In other news, Director Meyer Malka sold 105,875 shares of the business's 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 completion of the transaction, the director now owns 28,930,243 shares of the company's stock, valued at approximately $867,907,290. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Robinhood Markets news, Director Baiju Bhatt sold 108,964 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the completion of the transaction, the director now owns 2,521 shares of the company's stock, valued at $62,823.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Meyer Malka sold 105,875 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00. Following the completion of the transaction, the director now directly owns 28,930,243 shares of the company's stock, valued at approximately $867,907,290. The trade was 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 valued at $115,477,194. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Stock Down 3.3 %

Shares of NASDAQ:HOOD traded down $1.09 during trading on Wednesday, reaching $31.91. 23,171,310 shares of the company traded hands, compared to its average volume of 15,995,046. The company's 50 day moving average is $24.95 and its two-hundred day moving average is $22.12. The firm has a market capitalization of $28.21 billion, a PE ratio of 54.09, a PEG ratio of 0.79 and a beta of 1.84. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $34.32.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same period last year, the firm posted ($0.09) EPS. Robinhood Markets's quarterly revenue was up 36.4% on a year-over-year basis. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research analyst reports. KeyCorp lifted their target price on Robinhood Markets from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on Robinhood Markets from $17.00 to $21.00 and gave the stock an "underweight" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods reduced their target price on Robinhood Markets from $23.00 to $22.00 and set a "market perform" rating for the company in a research note on Thursday, August 8th. Morgan Stanley boosted their price target on Robinhood Markets from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Citigroup boosted their price target on Robinhood Markets from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.10.

Robinhood Markets Company 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.