Opendoor Technologies (OPEN) runs an online platform for buying and selling residential real estate. The stock has surged over 500% year-to-date, fueled by strong retail investor interest that turned it into a meme trade. Shares jumped more than 80% on Thursday after the company announced a leadership shake-up. Shopify (SHOP) executive Kaz Nejatian was named the new CEO, while co-founder Keith Rabois returned as chairman of the board. Following the news, OPEN stock, a retail investor favorite, hit a new 52-week high of $9.43. With momentum running high, it’s worth examining who owns the stock.
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Now, according to TipRanks’ ownership page, public companies and individual investors own 66.48% of OPEN. They are followed by ETFs, mutual funds, insiders, and other institutional investors at 17.63%, 11.11%, 4.21%, and 0.57%, respectively.
Digging Deeper into OPEN’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in OPEN at 8.69%. Next up is Vanguard Index Funds, which holds a 7.18% stake in the company.
Among the top ETF holders, the Vanguard Real Estate ETF (VNQ) owns a 2.98% stake in Opendoor Technologies stock, followed by the Vanguard Total Stock Market ETF (VTI) with a 2.85% stake.
Moving to mutual funds, Vanguard Index Funds holds about 7.18% of OPEN. Meanwhile, Vanguard Specialized Funds owns 3.10% of the stock.
Is OPEN Stock a Buy?
The stock of Opendoor Technologies has a consensus Hold rating among five Wall Street analysts. That rating is based on one Buy, two Hold, and two Sell recommendations issued in the last three months. The average OPEN price target of $1.10 implies 90% downside from current levels.
Read more analyst ratings on OPEN stock
Conclusion
TipRanks’ Ownership Tab provides valuable insights into the category-wise ownership structure of the company, enabling investors to make well-informed investment decisions.