Redfin Co. (NASDAQ:RDFN) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC decreased its position in Redfin Co. (NASDAQ:RDFN - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,419 shares of the company's stock after selling 35,037 shares during the quarter. Nebula Research & Development LLC owned 0.06% of Redfin worth $617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RDFN. Tidal Investments LLC acquired a new position in Redfin during the 3rd quarter worth about $10,650,000. Ballentine Partners LLC acquired a new stake in shares of Redfin during the fourth quarter worth about $81,000. Blueshift Asset Management LLC purchased a new position in shares of Redfin in the fourth quarter valued at approximately $197,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Redfin by 57.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 270,340 shares of the company's stock valued at $2,128,000 after purchasing an additional 99,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Redfin by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,021,905 shares of the company's stock worth $8,042,000 after buying an additional 23,621 shares during the period. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Redfin

In other news, insider Christian John Taubman sold 16,209 shares of Redfin stock in a transaction on Friday, March 21st. The shares were sold at an average price of $11.15, for a total value of $180,730.35. Following the transaction, the insider now directly owns 74,616 shares of the company's stock, valued at $831,968.40. The trade was a 17.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.40% of the company's stock.

Redfin Trading Up 0.6 %

Shares of NASDAQ RDFN traded up $0.06 during mid-day trading on Friday, reaching $9.59. The company had a trading volume of 10,886,956 shares, compared to its average volume of 6,288,583. Redfin Co. has a 52-week low of $5.49 and a 52-week high of $15.29. The stock has a market cap of $1.23 billion, a P/E ratio of -7.49 and a beta of 2.50. The firm has a 50 day simple moving average of $9.15 and a two-hundred day simple moving average of $8.93.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson reissued a "neutral" rating and issued a $7.25 price target on shares of Redfin in a research report on Wednesday, February 19th. Gordon Haskett raised Redfin to a "hold" rating in a research note on Monday, March 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Redfin in a research report on Tuesday, March 11th. Royal Bank of Canada lifted their price objective on Redfin from $8.00 to $12.50 and gave the company a "sector perform" rating in a research note on Tuesday, April 15th. Finally, Piper Sandler raised shares of Redfin from an "underweight" rating to a "neutral" rating and raised their target price for the company from $4.00 to $12.50 in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.25.

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.