Redfin Co. (NASDAQ:RDFN) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Redfin Co. (NASDAQ:RDFN) by 15.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,921 shares of the company’s stock after acquiring an additional 4,947 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Redfin were worth $463,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RDFN. Vanguard Group Inc. raised its holdings in shares of Redfin by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 19,191,434 shares of the company’s stock valued at $127,623,000 after buying an additional 1,953,127 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Redfin by 25.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,173,004 shares of the company’s stock worth $14,450,000 after purchasing an additional 445,486 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Redfin by 695.2% during the second quarter. Assenagon Asset Management S.A. now owns 351,612 shares of the company’s stock worth $2,113,000 after purchasing an additional 307,396 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Redfin by 135.7% in the first quarter. Manchester Capital Management LLC now owns 144,118 shares of the company’s stock valued at $958,000 after purchasing an additional 82,965 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Redfin in the second quarter valued at approximately $479,000. 61.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on RDFN. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a report on Wednesday, August 7th. DA Davidson reiterated a “neutral” rating and issued a $7.25 price objective on shares of Redfin in a research note on Wednesday, July 3rd. B. Riley boosted their target price on Redfin from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. reduced their price target on Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Susquehanna decreased their price objective on Redfin from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.20.

Insiders Place Their Bets

In other news, insider Christian John Taubman sold 3,632 shares of the business’s 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 completion of the sale, the insider now directly owns 71,720 shares of the company’s stock, valued at approximately $663,410. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.

Redfin Stock Down 0.3 %

Shares of RDFN opened at $9.99 on Monday. Redfin Co. has a 52-week low of $4.26 and a 52-week high of $15.29. The stock has a 50 day moving average price of $11.07 and a 200 day moving average price of $8.19. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -8.39 and a beta of 2.68.

Redfin (NASDAQ:RDFN) last posted its earnings results on Tuesday, August 6th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The company had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $291.59 million. During the same period last year, the business earned ($0.25) earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Redfin Co. will post -1.13 EPS for the current fiscal year.

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.