Top 5 Stock Picks of Billionaire Daniel Sundheim

3. Robinhood Markets, Inc. (NASDAQ:HOOD)

D1 Capital Partners’ Stake Value: $776,614,000

Percentage of D1 Capital Partners’ 13F Portfolio: 4.34%

Number of Hedge Fund Holders: 20

Robinhood Markets, Inc. (NASDAQ:HOOD) is a California-based financial services company that acts as a stock broker and offers customers an electronic trading platform where stocks, exchange-traded funds, and cryptocurrencies can be exchanged without a commission being charged by the company. Daniel Sundheim, via D1 Capital Partners, holds a $776.6 million stake in Robinhood Markets, Inc. (NASDAQ:HOOD), which accounts for 4.34% of his Q3 portfolio. 

On October 26, Robinhood Markets, Inc. (NASDAQ:HOOD) reported Q3 earnings. EPS in the quarter amounted to -$0.07, missing estimates by -$0.17. The revenue equaled $364.92 million, missing estimated revenue by -$72.63 million. 

Deutsche Bank analyst Brian Bedell on November 24 opened a “Sell Catalyst Call” on Robinhood Markets, Inc. (NASDAQ:HOOD) stock as a short-term investment idea, stating that the company is likely to face extenuating near-term pressure. He kept a Hold rating on the stock, with a $32 price target. 

Insider Monkey’s Q3 database suggests that 20 hedge funds were bullish on Robinhood Markets, Inc. (NASDAQ:HOOD), with stakes amounting to $4.68 billion.