Redfin Co. (NASDAQ:RDFN) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in Redfin Co. (NASDAQ:RDFN) by 113.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,835 shares of the company’s stock after purchasing an additional 67,290 shares during the quarter. Los Angeles Capital Management LLC owned 0.11% of Redfin worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RDFN. Jennison Associates LLC lifted its stake in shares of Redfin by 4.4% in the third quarter. Jennison Associates LLC now owns 61,019 shares of the company’s stock worth $430,000 after acquiring an additional 2,580 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Redfin by 24.9% in the 4th quarter. Victory Capital Management Inc. now owns 14,856 shares of the company’s stock valued at $153,000 after purchasing an additional 2,957 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Redfin by 41.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,442 shares of the company’s stock valued at $74,000 after buying an additional 3,041 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Redfin during the third quarter worth approximately $27,000. Finally, Swiss National Bank increased its stake in shares of Redfin by 2.0% in the third quarter. Swiss National Bank now owns 243,600 shares of the company’s stock worth $1,715,000 after buying an additional 4,700 shares during the last quarter. 61.07% of the stock is owned by institutional investors and hedge funds.

Redfin Trading Down 1.9 %

Shares of NASDAQ RDFN opened at $6.25 on Thursday. The firm has a market capitalization of $746.69 million, a PE ratio of -5.34 and a beta of 2.68. Redfin Co. has a one year low of $4.26 and a one year high of $17.68. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 295.91. The business has a 50-day moving average price of $6.12 and a two-hundred day moving average price of $7.15.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.57) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.01. The firm had revenue of $225.50 million for the quarter, compared to the consensus estimate of $217.79 million. Redfin had a negative net margin of 11.95% and a negative return on equity of 1,780.89%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.93) earnings per share. As a group, analysts predict that Redfin Co. will post -1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Redfin news, insider Christian John Taubman sold 7,916 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $6.90, for a total value of $54,620.40. Following the transaction, the insider now directly owns 52,117 shares of the company’s stock, valued at approximately $359,607.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Redfin news, insider Christian John Taubman sold 7,916 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $6.90, for a total value of $54,620.40. Following the completion of the sale, the insider now directly owns 52,117 shares of the company’s stock, valued at $359,607.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anna Stevens sold 10,851 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $6.78, for a total transaction of $73,569.78. Following the transaction, the insider now owns 15,477 shares in the company, valued at approximately $104,934.06. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RDFN. Stephens upgraded shares of Redfin from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $8.00 to $9.00 in a research note on Wednesday. Citigroup lowered their price target on Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank of Canada dropped their target price on Redfin from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. DA Davidson reissued a “neutral” rating and issued a $6.75 price target on shares of Redfin in a report on Friday, March 22nd. Finally, Gordon Haskett cut shares of Redfin from a “hold” rating to an “underperform” rating and set a $5.50 target price for the company. in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.03.

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.