Strategic Investment Solutions Inc. IL Purchases 9,184 Shares of Redfin Co. (NASDAQ:RDFN)

Strategic Investment Solutions Inc. IL boosted its position in shares of Redfin Co. (NASDAQ:RDFN) by 18,368.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,234 shares of the company’s stock after buying an additional 9,184 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Redfin were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Redfin during the fourth quarter valued at about $33,000. US Bancorp DE raised its position in Redfin by 48.3% during the 4th quarter. US Bancorp DE now owns 5,522 shares of the company’s stock valued at $43,000 after purchasing an additional 1,799 shares during the last quarter. Blue Trust Inc. lifted its holdings in Redfin by 76.3% in the 4th 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. AlphaQuest LLC lifted its holdings in Redfin by 87.8% in the 4th quarter. AlphaQuest LLC now owns 7,086 shares of the company’s stock worth $56,000 after buying an additional 3,312 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Redfin in the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 61.07% of the company’s stock.

Insider Buying and Selling at Redfin

In other news, insider Christian John Taubman sold 16,209 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $11.15, for a total value of $180,730.35. Following the completion of the transaction, the insider now owns 74,616 shares in the company, valued at $831,968.40. The trade was a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by company insiders.

Redfin Price Performance

Shares of NASDAQ:RDFN opened at $8.57 on Thursday. The company has a market capitalization of $1.10 billion, a PE ratio of -6.70 and a beta of 2.56. The business has a fifty day moving average price of $9.02 and a 200-day moving average price of $9.13. Redfin Co. has a 1-year low of $5.10 and a 1-year high of $15.29.

Analyst Ratings Changes

A number of brokerages recently commented on RDFN. Susquehanna dropped their price target on Redfin from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. B. Riley lowered shares of Redfin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Citigroup decreased their price target 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. DA Davidson restated a “neutral” rating and issued a $7.25 price objective on shares of Redfin in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their target price on Redfin from $7.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Redfin has an average rating of “Hold” and an average target price of $10.25.

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.