Clarius Group LLC Sells 2,654 Shares of Redfin Co. (NASDAQ:RDFN)

Clarius Group LLC decreased its stake in shares of Redfin Co. (NASDAQ:RDFN) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,900 shares of the company’s stock after selling 2,654 shares during the period. Clarius Group LLC owned about 0.11% of Redfin worth $1,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Redfin by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,284 shares of the company’s stock worth $12,508,000 after acquiring an additional 92,023 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Redfin by 98.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 89,244 shares of the company’s stock worth $536,000 after purchasing an additional 44,377 shares during the last quarter. Tidal Investments LLC bought a new stake in Redfin in the 3rd quarter worth about $10,650,000. SG Americas Securities LLC bought a new stake in Redfin in the 3rd quarter worth about $616,000. Finally, Geode Capital Management LLC increased 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 buying an additional 66,018 shares during the last quarter. 61.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Redfin

In other news, insider Anthony Ray Kappus sold 8,417 shares of the stock in a transaction 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 of the company’s stock, valued at $252,714.54. This represents a 21.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

Redfin Trading Down 0.6 %

Shares of Redfin stock opened at $7.69 on Friday. The company’s 50-day moving average price is $8.59 and its 200-day moving average price is $9.30. 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 $953.41 million, a price-to-earnings ratio of -6.01 and a beta of 2.64.

Redfin (NASDAQ:RDFN) last posted its 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 business had revenue of $278.02 million for the quarter, compared to analyst estimates of $280.21 million. During the same quarter in the previous year, the company earned ($0.17) EPS. On average, sell-side analysts predict that Redfin Co. will post -1.25 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RDFN shares. Citigroup cut 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. Susquehanna upped their price objective on Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. DA Davidson reaffirmed a “neutral” rating and set a $7.25 target price on shares of Redfin in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their price target on shares of Redfin from $7.50 to $11.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group downgraded shares of Redfin from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $6.00 to $6.50 in a report 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.16.

Redfin 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.