Redfin Co. (NASDAQ:RDFN) Shares Bought by Centiva Capital LP

Centiva Capital LP grew its position in Redfin Co. (NASDAQ:RDFN) by 318.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 140,675 shares of the company’s stock after acquiring an additional 107,097 shares during the quarter. Centiva Capital LP’s holdings in Redfin were worth $1,763,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its position in Redfin by 210.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,092,371 shares of the company’s stock worth $13,687,000 after purchasing an additional 740,759 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Redfin by 476.6% in the third quarter. BNP Paribas Financial Markets now owns 799,523 shares of the company’s stock valued at $10,018,000 after buying an additional 660,872 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Redfin by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,284 shares of the company’s stock valued at $12,508,000 after buying an additional 92,023 shares during the period. Quantbot Technologies LP lifted its position in Redfin by 331.9% during the 3rd quarter. Quantbot Technologies LP now owns 113,450 shares of the company’s stock worth $1,422,000 after acquiring an additional 87,184 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new position in Redfin in the 2nd quarter worth approximately $479,000. Institutional investors and hedge funds own 61.07% of the company’s stock.

Wall Street Analysts Forecast Growth

RDFN has been the topic of a number of analyst reports. B. Riley lifted their price objective on shares of Redfin from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Jefferies Financial Group boosted their price objective on shares of Redfin from $7.50 to $11.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wedbush raised their target price on Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on Redfin from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Redfin in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Redfin has an average rating of “Hold” and an average target price of $8.98.

Insider Activity at Redfin

In other Redfin news, insider Anthony Ray Kappus sold 8,417 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $8.43, for a total value of $70,955.31. Following the sale, the insider now directly owns 29,978 shares in the company, valued at approximately $252,714.54. This trade represents a 21.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.40% of the company’s stock.

Redfin Price Performance

RDFN stock opened at $9.50 on Wednesday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -7.42 and a beta of 2.63. Redfin Co. has a 1-year low of $5.10 and a 1-year high of $15.29. The firm has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $8.82.

Redfin (NASDAQ:RDFN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) earnings per share 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 analysts’ expectations of $280.21 million. During the same quarter last year, the business posted ($0.17) EPS. As a group, analysts expect that Redfin Co. will post -1.23 EPS for the current fiscal year.

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.