1 week Ago By Defense World Staff
Legal & General Group Plc cut its stake in Redfin Co. (NASDAQ:RDFN – Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund owned 132,879 shares of the company’s stock after selling 18,791 shares during the quarter. Legal & General Group Plc owned 0.11% of Redfin worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hennessy Advisors Inc. purchased a new position in shares of Redfin in the 4th quarter worth approximately $40,109,000.
Geode Capital Management LLC grew its stake in Redfin by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 3,079,813 shares of the company’s stock valued at $24,243,000 after buying an additional 56,865 shares in the last quarter.
Charles Schwab Investment Management Inc. lifted its holdings in Redfin by 2.4% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,021,905 shares of the company’s stock worth $8,042,000 after purchasing an additional 23,621 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Redfin in the third quarter valued at approximately $10,650,000.
Finally, JPMorgan Chase & Co. lifted its stake in Redfin by 89.0% in the 4th quarter.
JPMorgan Chase & Co. now owns 616,923 shares of the company’s stock worth $4,855,000 after purchasing an additional 290,545 shares in the last quarter. 61.
07% of the stock is owned by hedge funds and other institutional investors. Redfin Stock Down 0.6 %Shares of NASDAQ RDFN opened at $9.
19 on Monday. The firm’s fifty day moving average is $9.04 and its 200 day moving average is $8.
98. Redfin Co. has a 52 week low of $5.
32 and a 52 week high of $15.29. The company has a market cap of $1.
17 billion, a price-to-earnings ratio of -7.18 and a beta of 2.56.
Insider Buying and Selling at RedfinIn related 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 transaction of $180,730.
35. Following the completion of the transaction, the insider now owns 74,616 shares in the company, valued at $831,968.40.
This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Corporate insiders own 4.40% of the company’s stock. Wall Street Analyst Weigh InSeveral research firms have recently weighed in on RDFN.
Citigroup decreased their price target on shares of Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd.
DA Davidson reissued a “neutral” rating and issued a $7.25 price target on shares of Redfin in a research note on Wednesday, February 19th. B.
Riley cut shares of Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a research report on Tuesday, March 11th. Finally, Gordon Haskett upgraded Redfin to a “hold” rating in a research report on Monday, March 10th.
One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.
25.Get Our Latest Stock Analysis on RDFNRedfin Company 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.See AlsoFive stocks we like better than RedfinHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?Texas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryThe 3 Best Fintech Stocks to Buy NowO’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsWhat is Forex and How Does it Work? Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2Want to see what other hedge funds are holding RDFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Redfin Co.
(NASDAQ:RDFN – Free Report)..
