1 week Ago By ABMN Staff
Legal & General Group Plc lowered its position in shares of Redfin Co. ( NASDAQ:RDFN – Free Report ) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 132,879 shares of the company’s stock after selling 18,791 shares during the quarter. Legal & General Group Plc’s holdings in Redfin were worth $1,046,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in the company.
Hennessy Advisors Inc. bought a new position in shares of Redfin in the 4th quarter worth about $40,109,000. Geode Capital Management LLC increased its stake in shares of Redfin by 1.
9% during the fourth quarter. Geode Capital Management LLC now owns 3,079,813 shares of the company’s stock valued at $24,243,000 after purchasing an additional 56,865 shares in the last quarter. Charles Schwab Investment Management Inc.
lifted its holdings in shares of Redfin by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,021,905 shares of the company’s stock valued at $8,042,000 after purchasing an additional 23,621 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Redfin in the 3rd quarter worth approximately $10,650,000. Finally, JPMorgan Chase & Co.
boosted its position in shares of 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. Hedge funds and other institutional investors own 61.07% of the company’s stock.
Analyst Ratings Changes RDFN has been the subject of a number of recent research reports. Piper Sandler upgraded Redfin from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $4.00 to $12.
50 in a research note on Tuesday, March 11th. Zelman & Associates raised Redfin to a “strong-buy” rating in a research report on Wednesday, March 5th. Needham & Company LLC reissued a “hold” rating on shares of Redfin in a research report on Tuesday, March 11th.
Susquehanna decreased their target price on shares of Redfin from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, March 3rd.
Finally, Royal Bank of Canada increased their price target on shares of Redfin from $8.00 to $12.50 and gave the company a “sector perform” rating in a report on Tuesday, April 15th.
One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Redfin presently has a consensus rating of “Hold” and an average price target of $10.25.
Insider Buying and Selling at Redfin In other news, insider Christian John Taubman sold 16,209 shares of the firm’s stock in a transaction dated 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 owns 74,616 shares of the company’s stock, valued at $831,968.40.
This trade represents a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
4.40% of the stock is owned by corporate insiders. Redfin Stock Down 0.
6 % Redfin stock opened at $9.19 on Monday. The business has a 50-day simple moving average of $9.
04 and a two-hundred day simple moving average of $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 P/E ratio of -7.18 and a beta of 2.
56. About Redfin ( 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 Also Want to see what other hedge funds are holding RDFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Redfin Co.
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