Virtu Financial LLC Invests $649,000 in Redfin Co. (NASDAQ:RDFN)

Virtu Financial LLC purchased a new position in shares of Redfin Co. (NASDAQ:RDFN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 82,522 shares of the company's stock, valued at approximately $649,000. Virtu Financial LLC owned 0.07% of Redfin as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hennessy Advisors Inc. acquired a new stake in shares of Redfin during the 4th quarter worth $40,109,000. Two Sigma Advisers LP grew its holdings in shares of Redfin by 124.9% during the third quarter. Two Sigma Advisers LP now owns 2,149,900 shares of the company's stock valued at $26,938,000 after purchasing an additional 1,193,900 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Redfin in the 3rd quarter worth about $10,650,000. BNP Paribas Financial Markets increased its position in Redfin by 476.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 799,523 shares of the company's stock valued at $10,018,000 after acquiring an additional 660,872 shares during the period. Finally, Zacks Investment Management acquired a new position in Redfin during the 3rd quarter valued at about $2,108,000. Hedge funds and other institutional investors own 61.07% of the company's stock.

Redfin Trading Down 0.1 %

Shares of RDFN stock traded down $0.01 during trading on Friday, reaching $10.21. 9,447,871 shares of the company's stock traded hands, compared to its average volume of 6,080,207. Redfin Co. has a 1 year low of $5.10 and a 1 year high of $15.29. The company has a market capitalization of $1.29 billion, a P/E ratio of -7.98 and a beta of 2.90. The firm's 50-day moving average is $8.72 and its 200 day moving average is $9.48.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RDFN shares. Gordon Haskett upgraded shares of Redfin to a "hold" rating in a research report on Monday, March 10th. B. Riley downgraded Redfin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Needham & Company LLC restated a "hold" rating on shares of Redfin in a research report on Tuesday, March 11th. Citigroup dropped their price target on Redfin from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Finally, Susquehanna cut their price target on Redfin from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Redfin currently has a consensus rating of "Hold" and an average price target of $10.03.

Insider Activity

In other Redfin news, insider Christian John Taubman sold 16,209 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $11.15, for a total value of $180,730.35. Following the sale, the insider now directly owns 74,616 shares of the company's stock, valued at approximately $831,968.40. The trade was a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.40% of the company's stock.

Redfin Company Profile

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.