SG Americas Securities LLC Has $370,000 Stock Position in Redfin Corporation (NASDAQ:RDFN)

SG Americas Securities LLC reduced its holdings in shares of Redfin Corporation (NASDAQ:RDFN - Free Report) by 44.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,148 shares of the company's stock after selling 32,467 shares during the period. SG Americas Securities LLC's holdings in Redfin were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RDFN. Geode Capital Management LLC grew its stake in shares of Redfin by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,079,813 shares of the company's stock worth $24,243,000 after purchasing an additional 56,865 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Redfin by 17.4% during the fourth quarter. Two Sigma Advisers LP now owns 2,524,100 shares of the company's stock worth $19,865,000 after purchasing an additional 374,200 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Redfin by 11.0% in the 4th quarter. Northern Trust Corp now owns 1,147,666 shares of the company's stock valued at $9,032,000 after purchasing an additional 113,466 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Redfin by 2.4% in the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Redfin by 89.0% during the fourth quarter. JPMorgan Chase & Co. now owns 616,923 shares of the company's stock worth $4,855,000 after purchasing an additional 290,545 shares during the last quarter. 61.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RDFN has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Redfin from $8.00 to $12.50 and gave the stock a "sector perform" rating in a report on Tuesday, April 15th. Gordon Haskett raised shares of Redfin to a "hold" rating in a report on Monday, March 10th. Citigroup increased their price target on Redfin from $7.30 to $9.20 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Benchmark reaffirmed a "mixed" rating on shares of Redfin in a research note on Monday, May 19th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Redfin in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.45.

Redfin Stock Performance

NASDAQ RDFN traded down $0.44 during trading on Wednesday, reaching $11.30. 6,035,025 shares of the company traded hands, compared to its average volume of 6,631,837. Redfin Corporation has a 1-year low of $5.49 and a 1-year high of $15.29. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -7.39 and a beta of 2.38. The stock's 50 day moving average price is $9.82 and its two-hundred day moving average price is $9.04.

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

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.