Chiron Investment Management LLC Acquires New Stake in Zillow Group, Inc. (NASDAQ:Z)

Chiron Investment Management LLC bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,218 shares of the financial services provider's stock, valued at approximately $1,291,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Synergy Financial Group LTD bought a new position in shares of Zillow Group during the 3rd quarter worth $223,000. Groupama Asset Managment purchased a new stake in Zillow Group during the third quarter valued at about $83,005,000. Nomura Asset Management Co. Ltd. boosted its position in Zillow Group by 15.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 45,760 shares of the financial services provider's stock worth $2,922,000 after purchasing an additional 6,000 shares during the period. XTX Topco Ltd increased its stake in shares of Zillow Group by 34.9% in the third quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider's stock worth $899,000 after purchasing an additional 3,647 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Zillow Group by 130.7% in the third quarter. Quantinno Capital Management LP now owns 14,245 shares of the financial services provider's stock valued at $910,000 after purchasing an additional 8,070 shares during the period. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Up 0.2 %

Z stock traded up $0.16 during trading on Wednesday, hitting $82.18. 1,110,320 shares of the stock traded hands, compared to its average volume of 3,690,367. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of -143.89 and a beta of 2.01. The firm's 50 day moving average is $70.18 and its two-hundred day moving average is $57.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Analyst Upgrades and Downgrades

Z has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Bank of America upped their price target on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Cantor Fitzgerald upgraded shares of Zillow Group to a "hold" rating in a research report on Thursday, September 5th. Morgan Stanley boosted their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.33.

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 56,750 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now owns 31,739 shares in the company, valued at $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,140 shares of company stock worth $11,955,195 over the last three months. 23.76% of the stock is owned by corporate insiders.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.