Corebridge Financial Inc. Has $468,000 Stock Holdings in Redfin Co. (NASDAQ:RDFN)

Corebridge Financial Inc. lowered its stake in Redfin Co. (NASDAQ:RDFN) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,427 shares of the company’s stock after selling 3,277 shares during the quarter. Corebridge Financial Inc.’s holdings in Redfin were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RDFN. Hennessy Advisors Inc. bought a new position in Redfin in the fourth quarter valued at approximately $40,109,000. Tidal Investments LLC bought a new position in shares of Redfin in the third quarter valued at $10,650,000. Zacks Investment Management bought a new position in shares of Redfin in the third quarter valued at $2,108,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Redfin by 57.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 270,340 shares of the company’s stock worth $2,128,000 after buying an additional 99,078 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Redfin during the fourth quarter worth $649,000. Institutional investors and hedge funds own 61.07% of the company’s stock.

Insider Activity at Redfin

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

Redfin Price Performance

RDFN stock opened at $8.85 on Wednesday. Redfin Co. has a fifty-two week low of $5.10 and a fifty-two week high of $15.29. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -6.91 and a beta of 2.56. The business’s fifty day moving average price is $8.96 and its two-hundred day moving average price is $9.28.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $7.25 price objective on shares of Redfin in a research note on Wednesday, February 19th. Gordon Haskett raised Redfin to a “hold” rating in a research report on Monday, March 10th. B. Riley cut Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Citigroup decreased their target price on Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Susquehanna cut their price target on Redfin from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Redfin presently has a consensus rating of “Hold” and an average target price of $10.03.

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.