5 Best Young Stocks to Buy and Hold For Next 20 Years

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

Number of Hedge Fund Holders: 25  

Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial services platform in the United States. It is one of the top IPO stocks to invest in. On September 28, Robinhood said it has entered a partnership with Circle to buy and sell USCoin on Robinhood. This will allow customers to earn awards, provide in-app educational modules, and it will also allow the transfer and use of USDC on the new wallet of Robinhood. Robinhood will use Circle’s payment infrastructure to make their settlements more efficient.

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm ARK Investment Management is a leading shareholder in Robinhood Markets, Inc. (NASDAQ:HOOD), with 32.9 million shares worth more than $332 million. 

In its Q2 2022 investor letter, Claret Asset Management, an asset management firm, highlighted a few stocks and Robinhood Markets, Inc. (NASDAQ:HOOD) was one of them. Here is what the fund said:

“Robinhood Markets, Inc. (NASDAQ:HOOD) went public at $38 a share at the end of July of this year. After a oneday decline of 8%, it proceeded to rise to a peak of $85 in a matter of 4 days before settling down around $40 in September. Then, we found out that the company does not appear to understand the margin rules that apply to their client’s trades… and got fined by the Securities Exchange Commission. As of today, it is trading below $20, at 57 times earnings, approximately half of its IPO price. Caveat emptor… Buyer beware.”