Selina Tobaccowala Sells 1,710 Shares of Redfin Corp (NASDAQ:RDFN) Stock

Redfin Corp (NASDAQ:RDFN) Director Selina Tobaccowala sold 1,710 shares of the stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $18.00, for a total value of $30,780.00. Following the transaction, the director now owns 17,302 shares in the company, valued at approximately $311,436. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Selina Tobaccowala also recently made the following trade(s):

  • On Monday, February 4th, Selina Tobaccowala sold 570 shares of Redfin stock. The stock was sold at an average price of $18.00, for a total transaction of $10,260.00.

RDFN opened at $18.16 on Thursday. Redfin Corp has a 1-year low of $13.50 and a 1-year high of $26.01. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -90.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.57 and a quick ratio of 8.15.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital International Investors purchased a new stake in Redfin in the third quarter valued at about $107,820,000. Vanguard Group Inc. increased its position in Redfin by 29.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,056,148 shares of the company’s stock worth $150,651,000 after purchasing an additional 1,836,101 shares during the period. Vanguard Group Inc lifted its stake in Redfin by 29.5% in the 3rd quarter. Vanguard Group Inc now owns 8,056,148 shares of the company’s stock valued at $150,651,000 after buying an additional 1,836,101 shares in the last quarter. BlackRock Inc. raised its holdings in Redfin by 33.8% in the 3rd quarter. BlackRock Inc. now owns 4,953,847 shares of the company’s stock valued at $92,637,000 after acquiring an additional 1,251,210 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in Redfin by 31.9% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 2,333,868 shares of the company’s stock valued at $43,783,000 after purchasing an additional 564,802 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on RDFN. BidaskClub upgraded shares of Redfin from a “hold” rating to a “buy” rating in a research note on Tuesday, December 11th. Cowen set a $21.00 price objective on Redfin and gave the company a “buy” rating in a research note on Friday, November 9th. Zacks Investment Research upgraded Redfin from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Saturday, January 12th. Compass Point started coverage on shares of Redfin in a research note on Thursday, January 24th. They issued a “buy” rating and a $20.50 target price for the company. Finally, ValuEngine upgraded Redfin from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.50.

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About Redfin

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

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