Garde Capital Inc. Sells 22,996 Shares of Zillow Group, Inc. (NASDAQ:Z)

Garde Capital Inc. lowered its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,251 shares of the financial services provider's stock after selling 22,996 shares during the period. Zillow Group accounts for 1.2% of Garde Capital Inc.'s portfolio, making the stock its 20th largest holding. Garde Capital Inc. owned about 0.12% of Zillow Group worth $18,341,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider's stock valued at $28,000 after buying an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 3rd quarter valued at $35,000. Blue Trust Inc. increased its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after buying an additional 313 shares during the period. Finally, Quarry LP acquired a new position in shares of Zillow Group during the second quarter worth $61,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Down 0.5 %

Shares of NASDAQ:Z traded down $0.40 during trading on Friday, reaching $79.93. 2,121,681 shares of the stock traded hands, compared to its average volume of 3,685,648. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The stock has a 50-day moving average of $70.88 and a two-hundred day moving average of $58.27. 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 stock has a market cap of $18.67 billion, a P/E ratio of -140.93 and a beta of 2.01.

Insider Buying and Selling at Zillow Group

In related news, insider Susan Daimler sold 3,694 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 $273,282.12. Following the sale, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,140 shares of company stock valued at $11,955,195. 23.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and raised their target price for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.33.

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.