CAP Partners LLC Increases Holdings in Redfin Co. (NASDAQ:RDFN)

CAP Partners LLC lifted its position in 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 and Exchange Commission. The institutional investor 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 quarter.

Other large investors also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in shares of Redfin during the 3rd quarter valued at $25,000. R Squared Ltd bought a new position in Redfin in the 4th quarter worth about $33,000. Blue Trust Inc. increased its stake in Redfin by 285.7% in the 3rd quarter. Blue Trust Inc. now owns 3,302 shares of the company’s stock worth $41,000 after acquiring an additional 2,446 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Redfin in the 3rd quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Redfin during the 3rd quarter valued at about $48,000. 61.07% of the stock is currently owned by institutional investors.

Redfin Trading Up 0.4 %

Shares of NASDAQ:RDFN opened at $8.33 on Tuesday. The stock has a 50 day moving average of $8.31 and a 200 day moving average of $9.41. Redfin Co. has a 12-month low of $5.10 and a 12-month high of $15.29.

Insider Activity

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 stock was sold at an average price of $8.43, for a total transaction of $70,955.31. Following the transaction, the insider now directly owns 29,978 shares in the company, valued at $252,714.54. The trade was a 21.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christian John Taubman sold 16,333 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 73,466 shares in the company, valued at approximately $620,053.04. This represents a 18.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

RDFN has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of Redfin from a “neutral” rating to a “sell” rating and lifted their target price for the company from $6.00 to $6.50 in a research report on Monday, November 18th. Citigroup reduced their target price on Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their price objective on Redfin from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Wedbush boosted their target price on Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, DA Davidson reiterated a “neutral” rating and set a $7.25 price target on shares of Redfin in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Redfin has an average rating of “Hold” and a consensus target price 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.