Entropy Technologies LP Purchases New Stake in Zillow Group, Inc. (NASDAQ:Z)

Entropy Technologies LP acquired a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,451 shares of the financial services provider's stock, valued at approximately $1,370,000.

Several other hedge funds have also recently bought and sold shares of the business. Dorsal Capital Management LP lifted its position in Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider's stock worth $143,809,000 after acquiring an additional 1,160,000 shares during the last quarter. Natixis bought a new stake in Zillow Group during the 1st quarter valued at approximately $41,129,000. Coronation Fund Managers Ltd. grew its holdings in Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider's stock valued at $40,115,000 after buying an additional 609,575 shares during the last quarter. International Assets Investment Management LLC increased its position in Zillow Group by 8,162.8% in the 3rd quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider's stock worth $15,732,000 after buying an additional 243,415 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Zillow Group by 2.8% during the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider's stock worth $431,519,000 after buying an additional 238,554 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on Z shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Bank of America raised their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Finally, UBS Group upgraded Zillow Group to a "strong-buy" rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.33.

Zillow Group Price Performance

Shares of NASDAQ:Z traded down $0.36 on Thursday, hitting $74.31. The stock had a trading volume of 2,629,910 shares, compared to its average volume of 3,769,697. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of -130.37 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm's 50 day moving average price is $63.22 and its 200-day moving average price is $52.84. Zillow Group, Inc. has a twelve month low of $37.63 and a twelve month high of $76.69.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 3,650 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $54.71, for a total value of $199,691.50. Following the completion of the transaction, the chief accounting officer now directly owns 72,836 shares of the company's stock, valued at approximately $3,984,857.56. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Erik C. Blachford sold 1,413 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total transaction of $77,531.31. Following the sale, the director now directly owns 35,403 shares in the company, valued at $1,942,562.61. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,237 shares of company stock valued at $2,914,414. 23.76% of the stock is currently owned by insiders.

About Zillow Group

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.