CAP Partners LLC Has $515,000 Holdings in Redfin Co. (NASDAQ:RDFN)

CAP Partners LLC grew its holdings in Redfin Co. (NASDAQ:RDFN) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,104 shares of the company’s stock after buying an additional 4,847 shares during the period. CAP Partners LLC’s holdings in Redfin were worth $515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in Redfin by 205.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company’s stock valued at $31,000 after purchasing an additional 3,101 shares during the last quarter. Swiss National Bank lifted its stake in shares of Redfin by 1.3% during the 1st quarter. Swiss National Bank now owns 227,500 shares of the company’s stock worth $1,513,000 after buying an additional 2,900 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Redfin by 9.8% during the 1st quarter. ProShare Advisors LLC now owns 19,876 shares of the company’s stock worth $132,000 after buying an additional 1,766 shares during the period. Vanguard Group Inc. grew its stake in Redfin by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 19,191,434 shares of the company’s stock valued at $127,623,000 after buying an additional 1,953,127 shares during the last quarter. Finally, Natixis raised its holdings in Redfin by 119.7% in the 1st quarter. Natixis now owns 128,500 shares of the company’s stock valued at $855,000 after acquiring an additional 70,000 shares during the period. 61.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Susquehanna upped their target price on Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wedbush upped their price objective on Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Redfin from $7.50 to $11.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Redfin in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.98.

Redfin Stock Down 5.1 %

Shares of Redfin stock opened at $7.94 on Monday. Redfin Co. has a 12-month low of $5.10 and a 12-month high of $15.29. The company has a market capitalization of $984.40 million, a price-to-earnings ratio of -6.54 and a beta of 2.70. The firm’s 50-day moving average price is $11.12 and its two-hundred day moving average price is $8.66.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The company had revenue of $278.02 million for the quarter, compared to analyst estimates of $280.21 million. During the same quarter last year, the company earned ($0.17) EPS. On average, sell-side analysts expect that Redfin Co. will post -1.23 earnings per share for the current year.

Insider Activity

In other news, insider Christian John Taubman sold 3,632 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $9.25, for a total value of $33,596.00. Following the sale, the insider now directly owns 71,720 shares in the company, valued at approximately $663,410. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

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.