Maridea Wealth Management LLC Invests $107,000 in Redfin Co. (NASDAQ:RDFN)

Maridea Wealth Management LLC acquired a new stake in Redfin Co. (NASDAQ:RDFN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,602 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds have also made changes to their positions in the stock. Quest Partners LLC bought a new position in Redfin during the third quarter valued at about $47,000. R Squared Ltd purchased a new position in Redfin in the 4th quarter worth about $33,000. US Bancorp DE raised its holdings in shares of Redfin by 48.3% during the fourth quarter. US Bancorp DE now owns 5,522 shares of the company’s stock valued at $43,000 after acquiring an additional 1,799 shares during the period. Blue Trust Inc. boosted its position in shares of Redfin by 76.3% in the fourth quarter. Blue Trust Inc. now owns 5,822 shares of the company’s stock worth $46,000 after buying an additional 2,520 shares during the period. Finally, AlphaQuest LLC increased its holdings in shares of Redfin by 87.8% in the 4th quarter. AlphaQuest LLC now owns 7,086 shares of the company’s stock valued at $56,000 after purchasing an additional 3,312 shares during the period. Institutional investors and hedge funds own 61.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Christian John Taubman sold 16,209 shares of Redfin stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $11.15, for a total transaction of $180,730.35. Following the sale, the insider now directly owns 74,616 shares of the company’s stock, valued at $831,968.40. This trade represents a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on RDFN shares. Gordon Haskett raised Redfin to a “hold” rating in a research note on Monday, March 10th. Susquehanna dropped their price target on shares of Redfin from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Citigroup reduced their price objective on shares of Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Needham & Company LLC reissued a “hold” rating on shares of Redfin in a research report on Tuesday, March 11th. Finally, B. Riley lowered Redfin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.03.

Redfin Stock Down 0.1 %

Shares of NASDAQ RDFN opened at $10.21 on Friday. Redfin Co. has a 12 month low of $5.10 and a 12 month high of $15.29. The company has a market cap of $1.29 billion, a P/E ratio of -7.98 and a beta of 2.90. The business’s 50 day moving average is $8.72 and its two-hundred day moving average is $9.47.

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.