StoneX Group Inc. purchased a new stake in Redfin Co. (NASDAQ:RDFN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,700 shares of the company's stock, valued at approximately $194,000.
Several other large investors have also made changes to their positions in RDFN. Merit Financial Group LLC lifted its stake in Redfin by 10.7% in the fourth quarter. Merit Financial Group LLC now owns 15,848 shares of the company's stock valued at $125,000 after acquiring an additional 1,529 shares during the last quarter. US Bancorp DE raised its holdings in shares of Redfin by 48.3% during the 4th quarter. US Bancorp DE now owns 5,522 shares of the company's stock valued at $43,000 after purchasing an additional 1,799 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Redfin by 76.3% in the 4th quarter. Blue Trust Inc. now owns 5,822 shares of the company's stock valued at $46,000 after purchasing an additional 2,520 shares during the last quarter. AlphaQuest LLC boosted its holdings in Redfin by 87.8% in the fourth quarter. AlphaQuest LLC now owns 7,086 shares of the company's stock worth $56,000 after purchasing an additional 3,312 shares in the last quarter. Finally, CAP Partners LLC increased its position in Redfin by 8.8% during the fourth quarter. CAP Partners LLC now owns 44,725 shares of the company's stock worth $352,000 after buying an additional 3,621 shares during the last quarter. Institutional investors own 61.07% of the company's stock.
Redfin Stock Down 0.2 %
Redfin stock traded down $0.02 during mid-day trading on Wednesday, reaching $8.83. The company had a trading volume of 7,699,595 shares, compared to its average volume of 6,221,779. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -6.90 and a beta of 2.56. The company has a 50 day moving average of $8.99 and a 200-day moving average of $9.25. Redfin Co. has a 52 week low of $5.10 and a 52 week high of $15.29.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on RDFN shares. Susquehanna reduced their price target on Redfin from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Piper Sandler upgraded Redfin from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $4.00 to $12.50 in a report on Tuesday, March 11th. Zelman & Associates upgraded Redfin to a "strong-buy" rating in a report on Wednesday, March 5th. Needham & Company LLC reissued a "hold" rating on shares of Redfin in a research report on Tuesday, March 11th. Finally, Gordon Haskett raised shares of Redfin to a "hold" rating in a report on Monday, March 10th. One investment 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.03.
Read Our Latest Stock Analysis on Redfin
Insider Activity at Redfin
In other Redfin news, insider Christian John Taubman sold 16,209 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 legal filing with the SEC, which is available at this link. 4.40% of the stock is owned by corporate insiders.
Redfin Profile
(
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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