UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 33,327 Shares of Redfin Co. (NASDAQ:RDFN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Redfin Co. (NASDAQ:RDFN - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 258,481 shares of the company's stock after purchasing an additional 33,327 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Redfin worth $2,034,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Redfin by 76.3% during the fourth quarter. Blue Trust Inc. now owns 5,822 shares of the company's stock worth $46,000 after buying an additional 2,520 shares during the last quarter. CAP Partners LLC increased its holdings in Redfin by 8.8% in the 4th quarter. CAP Partners LLC now owns 44,725 shares of the company's stock worth $352,000 after purchasing an additional 3,621 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Redfin in the fourth quarter valued at about $276,000. US Bancorp DE grew its holdings in shares of Redfin by 48.3% during the fourth quarter. US Bancorp DE now owns 5,522 shares of the company's stock worth $43,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Redfin by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,021,905 shares of the company's stock valued at $8,042,000 after buying an additional 23,621 shares during the last quarter. 61.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Redfin

In related news, insider Christian John Taubman sold 16,209 shares of Redfin stock in a transaction on Friday, March 21st. The stock was sold at an average price of $11.15, for a total transaction of $180,730.35. Following the sale, the insider now directly owns 74,616 shares in the company, valued at approximately $831,968.40. This trade represents a 17.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.40% of the company's stock.

Redfin Trading Up 0.4%

Redfin stock traded up $0.04 during midday trading on Monday, reaching $10.00. The stock had a trading volume of 5,692,795 shares, compared to its average volume of 6,590,273. Redfin Co. has a 12 month low of $5.49 and a 12 month high of $15.29. The company has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $8.93. The company has a market capitalization of $1.28 billion, a P/E ratio of -7.81 and a beta of 2.38.

Redfin (NASDAQ:RDFN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.04). The company had revenue of $221.03 million for the quarter, compared to analyst estimates of $220.89 million. The business's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.57) earnings per share. On average, equities research analysts predict that Redfin Co. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup raised their price objective on Redfin from $7.30 to $9.20 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Susquehanna decreased their target price on shares of Redfin from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Needham & Company LLC restated a "hold" rating on shares of Redfin in a research report on Tuesday, March 11th. Piper Sandler upgraded shares of Redfin from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $4.00 to $12.50 in a research report on Tuesday, March 11th. Finally, B. Riley downgraded shares of Redfin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.45.

About Redfin

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.