Susquehanna Fundamental Investments LLC Buys New Stake in Redfin Co. (NASDAQ:RDFN)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Redfin Co. (NASDAQ:RDFN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 147,013 shares of the company's stock, valued at approximately $1,157,000. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Redfin as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Hennessy Advisors Inc. bought a new position in Redfin during the 4th quarter worth about $40,109,000. Tidal Investments LLC bought a new position in shares of Redfin during the third quarter valued at approximately $10,650,000. JPMorgan Chase & Co. increased its holdings in Redfin by 89.0% during the fourth quarter. JPMorgan Chase & Co. now owns 616,923 shares of the company's stock valued at $4,855,000 after buying an additional 290,545 shares during the period. Hsbc Holdings PLC raised its stake in Redfin by 106.8% in the fourth quarter. Hsbc Holdings PLC now owns 193,597 shares of the company's stock worth $1,541,000 after buying an additional 100,004 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Redfin by 57.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 270,340 shares of the company's stock worth $2,128,000 after buying an additional 99,078 shares during the period. Hedge funds and other institutional investors own 61.07% of the company's stock.

Analysts Set New Price Targets

RDFN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Redfin from $7.00 to $12.50 and gave the company a "neutral" rating in a report on Monday, March 24th. Gordon Haskett upgraded shares of Redfin to a "hold" rating in a report on Monday, March 10th. Needham & Company LLC restated a "hold" rating on shares of Redfin in a report on Tuesday, March 11th. DA Davidson reiterated a "neutral" rating and set a $7.25 price objective on shares of Redfin in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada raised their target price on shares of Redfin from $8.00 to $12.50 and gave the company a "sector perform" rating in a research note on Tuesday, April 15th. One research 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, Redfin currently has a consensus rating of "Hold" and a consensus price target of $10.25.

Insiders Place Their Bets

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

Redfin Trading Up 0.6 %

Shares of NASDAQ:RDFN traded up $0.06 on Friday, hitting $9.59. 10,886,956 shares of the company were exchanged, compared to its average volume of 6,288,583. The firm has a market capitalization of $1.23 billion, a P/E ratio of -7.49 and a beta of 2.50. Redfin Co. has a 1-year low of $5.49 and a 1-year high of $15.29. The stock's 50 day moving average price is $9.15 and its 200 day moving average price is $8.93.

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.