<div id="readability-page-1"><p>Aspen Investment Management Inc bought a new stake in shares of  Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,803 shares of the company's stock, valued at approximately $1,615,000.</p><ul><li>For True Diversification: 3 Stocks You Can Buy Now</li></ul><p>Several other institutional investors have also recently made changes to their positions in HOOD. Vanguard Group Inc. increased its holdings in shares of  Robinhood Markets by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock valued at $3,089,914,000 after purchasing an additional 5,874,701 shares in the last quarter.  AGF Management Ltd. increased its holdings in shares of  Robinhood Markets by 286.0% during the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after purchasing an additional 4,255,862 shares in the last quarter.  Wealthquest Corp purchased a new position in shares of  Robinhood Markets during the 1st quarter valued at approximately $156,193,000.  Southpoint Capital Advisors LP acquired a new stake in  Robinhood Markets in the 4th quarter valued at $130,410,000.  Finally, Polar Capital Holdings Plc acquired a new stake in  Robinhood Markets in the 4th quarter valued at $125,252,000. 93.27% of the stock is owned by hedge funds and other institutional investors. </p><div><p><span></span><span>Get <strong>Robinhood Markets</strong> alerts:</span></p></div><h2>Robinhood Markets Stock Up 1.0%</h2><p>Shares of HOOD opened at $118.50 on Wednesday. Robinhood Markets, Inc. has a 52-week low of $18.83 and a 52-week high of $118.70. The firm's fifty day moving average is $104.71 and its two-hundred day moving average is $72.20. The stock has a market cap of $105.31 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 4.30 and a beta of 2.36. </p><ul><li>Renaissance Hedge Fund Adds NVIDIA, Follows Buffett Into UNH</li></ul><p>Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.12. The company had revenue of $989.00 million for the quarter, compared to analysts' expectations of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm's quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS.  As a group, research analysts anticipate that  Robinhood Markets, Inc. will post 1.35 earnings per share for the current year. </p><h2>Insider Transactions at Robinhood Markets</h2><p>In related news, insider Steven M. Quirk sold 60,113 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the completion of the sale, the insider owned 94,454 shares of the company's stock, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $99.83, for a total transaction of $585,502.95. Following the completion of the sale, the chief technology officer directly owned 23,680 shares of the company's stock, valued at $2,363,974.40. This represents a 19.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,355,381 shares of company stock valued at $539,335,586 in the last three months. 19.95% of the stock is currently owned by corporate insiders. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>MarketBeat Week in Review – 08/04 - 08/08</li></ul><p>HOOD has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Robinhood Markets from $100.00 to $120.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, July 31st. Mizuho lifted their price target on shares of Robinhood Markets from $99.00 to $120.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, July 31st. Piper Sandler lifted their price target on shares of Robinhood Markets from $110.00 to $120.00 and gave the company an &#34;overweight&#34; rating in a research note on Thursday, July 31st. KeyCorp lifted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an &#34;overweight&#34; rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley lifted their price target on shares of Robinhood Markets from $43.00 to $110.00 and gave the company an &#34;equal weight&#34; rating in a research note on Tuesday, July 15th. Eleven analysts have rated the stock with a Buy rating, six have issued  a Hold rating and one  has given a Sell rating to the stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $100.31.</p><p><b>View Our Latest Report on Robinhood Markets</b></p><h2>Robinhood Markets Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Robinhood Markets</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>CoreWeave and Madrigal's Insider Trades Flash Bullish Signals</li><li>What is a Microcap Stock? Everything You Need to Know </li><li>August's Most Upgraded: 3 Stocks With +20 Price Target Increases</li><li>Insider Trading - What You Need to Know</li><li>Is Qualcomm Tesla’s Next Rival in Autonomous Driving?</li></ul><p><strong>Want to see what other hedge funds are holding HOOD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SE9PRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SE9PRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Robinhood Markets Right Now?</h2><p>Before you consider Robinhood Markets, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robinhood Markets wasn't on the list.</p><p>While Robinhood Markets currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

HOOD

<p>Aspen Investment Management Inc has acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD), purchasing 38,803 shares valued at approximately $1.6 million in Q1. Other institutional investors, including Vanguard Group and AGF Management, have also increased their holdings. Robinhood's stock opened at $118.50, with a market cap of $105.31 billion. The company reported $0.42 EPS for the last quarter, exceeding estimates, and analysts expect 1.35 EPS for the current year. Insiders have sold a total of 5.35 million shares in the last three months.</p>

Aspen Investment Management Inc Takes Position in Robinhood Markets, Inc. $HOOD