Redfin Co. (NASDAQ:RDFN) Stock Holdings Increased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its stake in shares of Redfin Co. (NASDAQ:RDFN - Free Report) by 369.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,454 shares of the company's stock after buying an additional 52,307 shares during the period. HighPoint Advisor Group LLC owned 0.05% of Redfin worth $528,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Maridea Wealth Management LLC acquired a new stake in Redfin in the fourth quarter valued at approximately $107,000. JPMorgan Chase & Co. increased its position in shares of Redfin by 89.0% during the fourth quarter. JPMorgan Chase & Co. now owns 616,923 shares of the company's stock worth $4,855,000 after acquiring an additional 290,545 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Redfin in the fourth quarter worth about $150,000. KLP Kapitalforvaltning AS acquired a new stake in Redfin during the 4th quarter valued at approximately $185,000. Finally, Virtu Financial LLC acquired a new position in shares of Redfin in the 4th quarter valued at approximately $649,000. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Redfin

In related news, insider Christian John Taubman sold 16,209 shares of Redfin 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 transaction, the insider now directly owns 74,616 shares in the company, valued at $831,968.40. The trade was a 17.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on RDFN shares. Zelman & Associates raised shares of Redfin to a "strong-buy" rating in a report on Wednesday, March 5th. Susquehanna reduced their price objective on Redfin from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. DA Davidson reissued a "neutral" rating and set a $7.25 target price on shares of Redfin in a report on Wednesday, February 19th. B. Riley lowered shares of Redfin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Redfin in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.03.

Redfin Stock Down 4.7 %

RDFN traded down $0.48 during trading on Monday, reaching $9.72. The stock had a trading volume of 4,483,532 shares, compared to its average volume of 6,176,836. Redfin Co. has a 1-year low of $5.10 and a 1-year high of $15.29. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -7.58 and a beta of 2.56. The stock has a 50 day moving average of $8.92 and a two-hundred day moving average of $9.34.

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.