Wells Fargo & Company MN purchased a new stake in Redfin Corp (NASDAQ:RDFN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,297 shares of the company’s stock, valued at approximately $158,000.

Several other hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. acquired a new position in shares of Redfin in the 3rd quarter valued at $129,000. SG Americas Securities LLC acquired a new position in shares of Redfin in the 3rd quarter valued at $139,000. FNY Partners Fund LP acquired a new position in shares of Redfin in the 3rd quarter valued at $175,000. American International Group Inc. acquired a new position in shares of Redfin in the 3rd quarter valued at $181,000. Finally, Nationwide Fund Advisors acquired a new position in shares of Redfin in the 3rd quarter valued at $285,000. 38.48% of the stock is owned by institutional investors.

Redfin Corp (NASDAQ:RDFN) opened at $22.08 on Friday. Redfin Corp has a one year low of $19.18 and a one year high of $33.49. The company has a market cap of $1,800.00 and a PE ratio of -6.15.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. The business had revenue of $109.50 million for the quarter, compared to analyst estimates of $110.62 million. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. equities research analysts forecast that Redfin Corp will post -0.2 EPS for the current year.

A number of brokerages recently weighed in on RDFN. BidaskClub raised shares of Redfin from a “strong sell” rating to a “sell” rating in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of Redfin in a research note on Thursday, February 1st. Jefferies Group began coverage on shares of Redfin in a research note on Tuesday. They issued a “buy” rating and a $28.00 target price for the company. Royal Bank of Canada raised shares of Redfin from a “sector perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Friday, February 2nd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies upped their target price on shares of Redfin from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Redfin has an average rating of “Hold” and a consensus price target of $25.73.

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About Redfin

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.

Institutional Ownership by Quarter for Redfin (NASDAQ:RDFN)

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