Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Redfin Co. (NASDAQ:RDFN – Get Rating) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,978 shares of the company’s stock after buying an additional 1,350 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Redfin were worth $185,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its holdings in Redfin by 2.5% during the first quarter. Brown Brothers Harriman & Co. now owns 41,236 shares of the company’s stock worth $744,000 after buying an additional 1,000 shares in the last quarter. First Trust Advisors LP lifted its holdings in Redfin by 8.3% during the first quarter. First Trust Advisors LP now owns 16,522 shares of the company’s stock valued at $298,000 after purchasing an additional 1,270 shares in the last quarter. Arizona State Retirement System lifted its holdings in Redfin by 5.1% during the fourth quarter. Arizona State Retirement System now owns 27,543 shares of the company’s stock valued at $117,000 after purchasing an additional 1,331 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Redfin by 16.7% during the fourth quarter. ProShare Advisors LLC now owns 13,676 shares of the company’s stock valued at $58,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its holdings in Redfin by 16.1% during the third quarter. Fortis Capital Management LLC now owns 14,687 shares of the company’s stock valued at $86,000 after purchasing an additional 2,032 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RDFN has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Redfin from $5.00 to $10.00 in a report on Friday, February 17th. Compass Point raised shares of Redfin from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a report on Friday, May 5th. Piper Sandler increased their price objective on shares of Redfin from $3.00 to $5.00 and gave the company an “underweight” rating in a report on Tuesday, February 21st. Oppenheimer increased their target price on shares of Redfin from $3.20 to $7.00 and gave the company an “underweight” rating in a research report on Friday, February 17th. Finally, Susquehanna raised their price objective on shares of Redfin from $4.50 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.76.
Redfin Trading Up 5.8 %
Redfin (NASDAQ:RDFN – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.93) EPS for the quarter, beating the consensus estimate of ($1.01) by $0.08. Redfin had a negative net margin of 14.46% and a negative return on equity of 387.26%. The business had revenue of $325.66 million during the quarter, compared to analyst estimates of $314.95 million. As a group, equities analysts forecast that Redfin Co. will post -1.11 earnings per share for the current year.
Insider Activity
In other news, insider Christian John Taubman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $8.75, for a total value of $87,500.00. Following the completion of the transaction, the insider now owns 34,492 shares of the company’s stock, valued at $301,805. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Christopher John Nielsen sold 174,588 shares of Redfin stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $9.34, for a total value of $1,630,651.92. Following the completion of the transaction, the chief financial officer now owns 261,401 shares in the company, valued at $2,441,485.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian John Taubman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $8.75, for a total transaction of $87,500.00. Following the sale, the insider now owns 34,492 shares of the company’s stock, valued at approximately $301,805. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
Redfin Company Profile
Redfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Properties, Rentals, Mortgage, and Other. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.
Featured Stories
- Get a free copy of the StockNews.com research report on Redfin (RDFN)
- Will Nvidia Be the Lifeline Intel Desperately Needs?
- Is Li Auto Head and Shoulders Above Its Chinese Counterparts?
- MarketBeat Week in Review – 5/29 – 6/2
- Trading Channel Breakout in Lululemon Brought by Earnings
- What Should Investors Make of These 3 Dividend Cuts?
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. (NASDAQ:RDFN – Get Rating).
Receive News & Ratings for Redfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redfin and related companies with MarketBeat.com's FREE daily email newsletter.
