Redfin Co. (NASDAQ:RDFN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Redfin Co. (NASDAQ:RDFN - Free Report) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 998,284 shares of the company's stock after purchasing an additional 92,023 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.82% of Redfin worth $12,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RDFN. Susquehanna Fundamental Investments LLC grew its holdings in shares of Redfin by 98.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 89,244 shares of the company's stock worth $536,000 after purchasing an additional 44,377 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Redfin during the third quarter valued at about $616,000. Assenagon Asset Management S.A. raised its stake in shares of Redfin by 210.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,092,371 shares of the company's stock valued at $13,687,000 after acquiring an additional 740,759 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Redfin in the 2nd quarter worth approximately $479,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Redfin by 15.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 446,172 shares of the company's stock worth $2,681,000 after purchasing an additional 59,689 shares during the period. 61.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Redfin

In other Redfin news, insider Anthony Ray Kappus sold 8,417 shares of Redfin stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $8.43, for a total transaction of $70,955.31. Following the transaction, the insider now owns 29,978 shares of the company's stock, valued at $252,714.54. The trade was a 21.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Redfin from $7.50 to $11.50 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. B. Riley increased their target price on Redfin from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Wedbush lifted their target price on Redfin from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Susquehanna increased their price target on shares of Redfin from $7.00 to $10.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Finally, DA Davidson reissued a "neutral" rating and issued a $7.25 price objective on shares of Redfin in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.98.

Redfin Stock Down 0.5 %

NASDAQ RDFN traded down $0.05 on Monday, hitting $9.75. 3,413,291 shares of the stock were exchanged, compared to its average volume of 5,546,339. Redfin Co. has a fifty-two week low of $5.10 and a fifty-two week high of $15.29. The company has a 50-day moving average price of $10.08 and a 200-day moving average price of $8.89. The company has a market cap of $1.21 billion, a PE ratio of -7.70 and a beta of 2.63.

Redfin (NASDAQ:RDFN - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.08). The business had revenue of $278.02 million during the quarter, compared to the consensus estimate of $280.21 million. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities research analysts predict that Redfin Co. will post -1.25 EPS for the current fiscal year.

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.