Published on 13 Oct 2021 on Insider Monkey via Yahoo Finance
In this article, we discuss the 11 best Robinhood stocks to buy according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Robinhood Stocks To Buy According To Hedge Funds.
Equity trading applications have become more famous as the rapid digitization of the world ushers in an era of smartphones and computers. Robinhood Markets, Inc. (NASDAQ: HOOD), the California-based financial services platform, dominates this market. The company debuted on the stock market earlier this year, raising close to $2 billion in an initial offering that valued the firm at more than $32 billion. The company revealed that it had more than 22 million funded accounts in July this year, up from 18 million at the end of March.
The average age of users of the Robinhood Markets, Inc. (NASDAQ: HOOD) application is around 31, attesting to claims that the forum is populated with young retail investors who like to invest in high growth offerings. These retail investors have engaged in a battle for market supremacy with hedge funds this year, resulting in losses worth billions to hedge funds. This has increased the interest around stocks popular on the application. However, for investors who want to trade in reliable growth options, it might be a good idea to compare these with hedge fund picks.
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