AQR Capital Management LLC Sells 2,038 Shares of Redfin Co. (NASDAQ:RDFN)

AQR Capital Management LLC cut its holdings in shares of Redfin Co. (NASDAQ:RDFN) by 2.0% during the second quarter, Holdings Channel.com reports. The firm owned 102,269 shares of the company’s stock after selling 2,038 shares during the period. AQR Capital Management LLC’s holdings in Redfin were worth $615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. raised its holdings in shares of Redfin by 282.1% during the second quarter. Mather Group LLC. now owns 3,821 shares of the company’s stock worth $25,000 after purchasing an additional 2,821 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Redfin by 205.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company’s stock worth $31,000 after acquiring an additional 3,101 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Redfin in the 1st quarter valued at $58,000. First Trust Direct Indexing L.P. acquired a new stake in Redfin in the first quarter valued at about $72,000. Finally, Cetera Advisors LLC purchased a new position in Redfin in the first quarter valued at about $89,000. 61.07% of the stock is currently owned by institutional investors.

Insider Activity at Redfin

In other Redfin news, insider Christian John Taubman sold 3,632 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $9.25, for a total value of $33,596.00. Following the transaction, the insider now owns 71,720 shares of the company’s stock, valued at approximately $663,410. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is owned by corporate insiders.

Redfin Trading Up 6.6 %

NASDAQ RDFN opened at $10.71 on Monday. The company has a market cap of $1.28 billion, a P/E ratio of -9.00 and a beta of 2.68. The company has a fifty day simple moving average of $10.38 and a 200 day simple moving average of $7.89. Redfin Co. has a 12-month low of $4.26 and a 12-month high of $15.29.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $295.20 million during the quarter, compared to the consensus estimate of $291.59 million. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. Sell-side analysts predict that Redfin Co. will post -1.13 EPS for the current year.

Wall Street Analyst Weigh In

RDFN has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating and issued a $8.00 price target on shares of Redfin in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Redfin in a research note on Wednesday, August 7th. Susquehanna dropped their target price on shares of Redfin from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. B. Riley boosted their price objective on shares of Redfin from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Redfin from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.88.

Redfin Company Profile

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.