CAP Partners LLC Purchases 3,621 Shares of Redfin Co. (NASDAQ:RDFN)

CAP Partners LLC boosted its holdings in shares of Redfin Co. (NASDAQ:RDFN) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,725 shares of the company’s stock after buying an additional 3,621 shares during the quarter. CAP Partners LLC’s holdings in Redfin were worth $352,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hennessy Advisors Inc. acquired a new position in Redfin in the 4th quarter valued at about $40,109,000. Geode Capital Management LLC boosted its stake in Redfin by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,022,948 shares of the company’s stock valued at $37,884,000 after purchasing an additional 66,018 shares during the period. Two Sigma Advisers LP increased its position in Redfin by 124.9% during the 3rd quarter. Two Sigma Advisers LP now owns 2,149,900 shares of the company’s stock worth $26,938,000 after buying an additional 1,193,900 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Redfin by 210.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,092,371 shares of the company’s stock worth $13,687,000 after buying an additional 740,759 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Redfin by 10.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 998,284 shares of the company’s stock valued at $12,508,000 after acquiring an additional 92,023 shares in the last quarter. 61.07% of the stock is owned by institutional investors and hedge funds.

Redfin Trading Up 0.4 %

RDFN stock opened at $8.33 on Tuesday. Redfin Co. has a 1 year low of $5.10 and a 1 year high of $15.29. The company has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $9.41.

Insider Buying and Selling at Redfin

In other news, insider Anthony Ray Kappus sold 8,417 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $8.43, for a total value of $70,955.31. Following the transaction, the insider now owns 29,978 shares in the company, valued at approximately $252,714.54. The trade was a 21.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christian John Taubman sold 16,333 shares of Redfin stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $8.44, for a total transaction of $137,850.52. Following the transaction, the insider now directly owns 73,466 shares of the company’s stock, valued at $620,053.04. This represents a 18.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on RDFN shares. Wedbush boosted their price objective on shares of Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Redfin from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. DA Davidson reissued a “neutral” rating and set a $7.25 target price on shares of Redfin in a report on Tuesday, November 19th. Jefferies Financial Group boosted their price target on Redfin from $7.50 to $11.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group downgraded shares of Redfin from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $6.00 to $6.50 in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.16.

Redfin Company 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.