US Bancorp DE Grows Position in Redfin Co. (NASDAQ:RDFN)

US Bancorp DE boosted its holdings in Redfin Co. (NASDAQ:RDFN) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,522 shares of the company’s stock after acquiring an additional 1,799 shares during the quarter. US Bancorp DE’s holdings in Redfin were worth $43,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Redfin in the fourth quarter worth $33,000. Blue Trust Inc. raised its position in Redfin by 76.3% in the fourth quarter. Blue Trust Inc. now owns 5,822 shares of the company’s stock worth $46,000 after acquiring an additional 2,520 shares in the last quarter. Quest Partners LLC purchased a new position in Redfin in the third quarter worth $47,000. Ballentine Partners LLC purchased a new position in Redfin in the fourth quarter worth $81,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Redfin in the fourth quarter worth $113,000. Hedge funds and other institutional investors own 61.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RDFN shares. B. Riley cut Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Citigroup dropped their price target on Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Needham & Company LLC restated a “hold” rating on shares of Redfin in a research report on Tuesday, March 11th. DA Davidson restated a “neutral” rating and issued a $7.25 price target on shares of Redfin in a research report on Wednesday, February 19th. Finally, Susquehanna dropped their price target on Redfin from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Redfin presently has an average rating of “Hold” and a consensus price target of $9.48.

Redfin Stock Performance

NASDAQ RDFN opened at $11.21 on Wednesday. The stock has a fifty day moving average of $8.21 and a 200-day moving average of $9.42. The stock has a market capitalization of $1.42 billion, a P/E ratio of -8.76 and a beta of 2.90. Redfin Co. has a 52 week low of $5.10 and a 52 week high of $15.29.

Insider Buying and Selling

In other news, insider Christian John Taubman sold 16,333 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $8.44, for a total value of $137,850.52. Following the sale, the insider now directly owns 73,466 shares in the company, valued at $620,053.04. The trade was a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.40% of the stock is owned by insiders.

Redfin 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.