Jane Street Group LLC acquired a new position in Redfin Corp (NASDAQ:RDFN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,560 shares of the company’s stock, valued at approximately $195,000.

Several other large investors also recently bought and sold shares of RDFN. Captrust Financial Advisors boosted its holdings in Redfin by 167.7% in the 4th quarter. Captrust Financial Advisors now owns 2,136 shares of the company’s stock worth $31,000 after buying an additional 1,338 shares during the period. Great Point Wealth Advisors LLC bought a new position in Redfin in the 4th quarter worth $144,000. United Services Automobile Association bought a new position in Redfin in the 3rd quarter worth $195,000. SG Americas Securities LLC bought a new position in Redfin in the 3rd quarter worth $284,000. Finally, Parkwood LLC boosted its holdings in Redfin by 18.4% in the 4th quarter. Parkwood LLC now owns 20,333 shares of the company’s stock worth $293,000 after buying an additional 3,153 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

RDFN opened at $22.15 on Friday. Redfin Corp has a 52 week low of $13.50 and a 52 week high of $26.01. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -45.20 and a beta of 0.92. The company has a quick ratio of 10.25, a current ratio of 10.74 and a debt-to-equity ratio of 0.31.

Redfin (NASDAQ:RDFN) last released its quarterly earnings data on Thursday, February 14th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. Redfin had a negative net margin of 8.62% and a negative return on equity of 14.24%. The business had revenue of $124.10 million during the quarter, compared to the consensus estimate of $117.15 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The business’s revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts forecast that Redfin Corp will post -0.86 EPS for the current fiscal year.

In related news, insider Adam Wiener sold 10,000 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $19.58, for a total value of $195,800.00. Following the completion of the transaction, the insider now owns 180,826 shares of the company’s stock, valued at approximately $3,540,573.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bridget Frey sold 5,000 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider now directly owns 42,932 shares of the company’s stock, valued at approximately $772,776. The disclosure for this sale can be found here. Insiders have sold a total of 62,973 shares of company stock valued at $1,297,607 in the last three months. Insiders own 8.80% of the company’s stock.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of Redfin from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Zacks Investment Research raised shares of Redfin from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, January 22nd. ValuEngine raised shares of Redfin from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Wedbush assumed coverage on shares of Redfin in a report on Thursday, April 11th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Needham & Company LLC assumed coverage on shares of Redfin in a report on Tuesday, January 8th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.44.

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Redfin Profile

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

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Institutional Ownership by Quarter for Redfin (NASDAQ:RDFN)

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