Virtu Financial LLC Purchases Shares of 82,522 Redfin Co. (NASDAQ:RDFN)

Virtu Financial LLC acquired a new position in shares of Redfin Co. (NASDAQ:RDFN) in the 4th quarter, Holdings Channel reports. The fund acquired 82,522 shares of the company’s stock, valued at approximately $649,000.

Several other institutional investors also recently modified their holdings of RDFN. Hennessy Advisors Inc. purchased a new position in Redfin in the 4th quarter worth approximately $40,109,000. Geode Capital Management LLC grew its position in Redfin by 2.2% in the third quarter. Geode Capital Management LLC now owns 3,022,948 shares of the company’s stock worth $37,884,000 after acquiring an additional 66,018 shares in the last quarter. Two Sigma Advisers LP increased its stake in Redfin by 124.9% in the third quarter. Two Sigma Advisers LP now owns 2,149,900 shares of the company’s stock valued at $26,938,000 after acquiring an additional 1,193,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Redfin by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,021,905 shares of the company’s stock valued at $8,042,000 after purchasing an additional 23,621 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Redfin during the third quarter worth about $10,650,000. 61.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on RDFN shares. B. Riley lowered Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Piper Sandler raised shares of Redfin from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $4.00 to $12.50 in a research note on Tuesday, March 11th. Citigroup cut their price objective on shares of Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Gordon Haskett raised shares of Redfin to a “hold” rating in a report on Monday, March 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Redfin in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.03.

Redfin Trading Down 2.4 %

RDFN stock opened at $10.78 on Tuesday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -8.42 and a beta of 2.90. The firm’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $9.46. Redfin Co. has a 12-month low of $5.10 and a 12-month high of $15.29.

About Redfin

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.