Aigen Investment Management LP Increases Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Aigen Investment Management LP grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 161.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 85,868 shares of the company's stock after acquiring an additional 52,988 shares during the quarter. Robinhood Markets comprises 0.6% of Aigen Investment Management LP's investment portfolio, making the stock its 27th biggest holding. Aigen Investment Management LP's holdings in Robinhood Markets were worth $3,199,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its stake in Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after buying an additional 3,368,118 shares during the last quarter. State Street Corp grew its stake in Robinhood Markets by 8.7% during the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company's stock worth $317,536,000 after buying an additional 1,085,679 shares during the last quarter. Geode Capital Management LLC grew its stake in Robinhood Markets by 19.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company's stock worth $271,708,000 after buying an additional 1,895,427 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after buying an additional 138,267 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Robinhood Markets by 19.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company's stock worth $179,463,000 after buying an additional 739,631 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 0.9 %

NASDAQ HOOD traded down $0.42 during mid-day trading on Friday, hitting $44.42. The stock had a trading volume of 53,241,546 shares, compared to its average volume of 30,663,816. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91. The company has a market cap of $39.33 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.05 and a beta of 2.14. The company has a 50 day simple moving average of $48.93 and a 200 day simple moving average of $35.64.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on HOOD shares. Morgan Stanley raised their price target on Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Mizuho increased their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Needham & Company LLC increased their price objective on Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group raised Robinhood Markets from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has an average rating of "Moderate Buy" and an average target price of $60.13.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the completion of the transaction, the insider now owns 806,955 shares of the company's stock, valued at approximately $30,268,882.05. This trade represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. Insiders sold 3,171,641 shares of company stock valued at $149,567,157 in the last ninety days. 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.