Blair William & Co. IL lowered its holdings in Redfin Co. (NASDAQ:RDFN - Free Report) by 44.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,606 shares of the company's stock after selling 65,475 shares during the period. Blair William & Co. IL owned approximately 0.07% of Redfin worth $634,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Redfin in the 4th quarter worth $33,000. US Bancorp DE lifted its stake in shares of Redfin by 48.3% in the 4th quarter. US Bancorp DE now owns 5,522 shares of the company's stock valued at $43,000 after acquiring an additional 1,799 shares during the last quarter. Blue Trust Inc. grew its position in Redfin by 76.3% during the 4th quarter. Blue Trust Inc. now owns 5,822 shares of the company's stock worth $46,000 after acquiring an additional 2,520 shares during the last quarter. AlphaQuest LLC lifted its position in Redfin by 87.8% in the fourth quarter. AlphaQuest LLC now owns 7,086 shares of the company's stock valued at $56,000 after purchasing an additional 3,312 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Redfin during the fourth quarter valued at approximately $81,000. Institutional investors own 61.07% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on RDFN shares. DA Davidson reaffirmed a "neutral" rating and set a $7.25 price objective on shares of Redfin in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Redfin from $7.00 to $12.50 and gave the stock a "neutral" rating in a report on Monday, March 24th. Susquehanna reduced their target price on Redfin from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Zelman & Associates raised shares of Redfin to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Piper Sandler raised Redfin from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $4.00 to $12.50 in a research report 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.03.
View Our Latest Research Report on RDFN
Insiders Place Their Bets
In other news, insider Christian John Taubman sold 16,209 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $11.15, for a total value of $180,730.35. Following the completion of the sale, the insider now owns 74,616 shares of the company's stock, valued at $831,968.40. This represents a 17.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.40% of the company's stock.
Redfin Price Performance
Shares of NASDAQ:RDFN traded down $0.93 during midday trading on Tuesday, hitting $8.85. The company had a trading volume of 5,641,743 shares, compared to its average volume of 6,205,992. Redfin Co. has a twelve month low of $5.10 and a twelve month high of $15.29. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -6.91 and a beta of 2.56. The business's 50-day simple moving average is $8.96 and its 200-day simple moving average is $9.28.
Redfin Profile
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Free Report)
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.
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