Redfin Co. (NASDAQ:RDFN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Redfin Co. (NASDAQ:RDFN - Free Report) by 76.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,533 shares of the company's stock after selling 1,099,201 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Redfin worth $2,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Redfin in the fourth quarter worth approximately $33,000. US Bancorp DE increased its position in Redfin by 48.3% in the fourth quarter. US Bancorp DE now owns 5,522 shares of the company's stock worth $43,000 after buying an additional 1,799 shares during the last quarter. Blue Trust Inc. increased 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 buying an additional 2,520 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Redfin by 87.8% in the fourth quarter. AlphaQuest LLC now owns 7,086 shares of the company's stock worth $56,000 after acquiring an additional 3,312 shares during the period. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in shares of Redfin by 18,368.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,234 shares of the company's stock worth $73,000 after acquiring an additional 9,184 shares during the period. Institutional investors and hedge funds own 61.07% of the company's stock.

Redfin Stock Performance

NASDAQ:RDFN traded down $0.23 during mid-day trading on Wednesday, hitting $9.82. 20,655,287 shares of the company's stock traded hands, compared to its average volume of 6,532,190. The company has a fifty day moving average of $9.39 and a 200 day moving average of $8.89. The company has a market capitalization of $1.26 billion, a P/E ratio of -7.67 and a beta of 2.50. Redfin Co. has a twelve month low of $5.49 and a twelve month high of $15.29.

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

Analysts Set New Price Targets

Several research firms recently commented on RDFN. Susquehanna reduced their target price on Redfin from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Benchmark reissued a "mixed" rating on shares of Redfin in a research note on Monday, May 19th. Gordon Haskett raised Redfin to a "hold" rating in a research note on Monday, March 10th. Royal Bank of Canada boosted their price target on Redfin from $8.00 to $12.50 and gave the company a "sector perform" rating in a report on Tuesday, April 15th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Redfin in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.45.

Insider Buying and Selling at Redfin

In related news, insider Christian John Taubman sold 16,209 shares of Redfin stock in a transaction that occurred 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 transaction, the insider now 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 filing with the SEC, which can be accessed through this link. Insiders own 4.40% of the company's stock.

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.