Geode Capital Management LLC Sells 111,083 Shares of Zillow Group, Inc. (NASDAQ:Z)

Geode Capital Management LLC reduced its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,849,396 shares of the financial services provider's stock after selling 111,083 shares during the quarter. Geode Capital Management LLC owned approximately 1.23% of Zillow Group worth $181,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of Z. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Zillow Group by 12.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,093 shares of the financial services provider's stock valued at $283,000 after acquiring an additional 666 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of Zillow Group by 13.7% in the second quarter. Arkadios Wealth Advisors now owns 41,232 shares of the financial services provider's stock valued at $1,913,000 after buying an additional 4,984 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Zillow Group during the second quarter valued at approximately $138,000. nVerses Capital LLC boosted its position in Zillow Group by 844.4% during the second quarter. nVerses Capital LLC now owns 8,500 shares of the financial services provider's stock worth $394,000 after acquiring an additional 7,600 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Zillow Group by 13.2% in the 2nd quarter. CIBC Asset Management Inc now owns 5,758 shares of the financial services provider's stock worth $267,000 after acquiring an additional 673 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Trading Up 2.1 %

Shares of Zillow Group stock traded up $1.71 during trading on Monday, hitting $81.64. The stock had a trading volume of 3,480,915 shares, compared to its average volume of 3,684,802. The stock has a 50 day simple moving average of $71.22 and a 200 day simple moving average of $58.82. The company has a market capitalization of $19.07 billion, a PE ratio of -140.23 and a beta of 2.01. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on Z shares. Cantor Fitzgerald upgraded shares of Zillow Group to a "hold" rating in a report on Thursday, September 5th. Wedbush upgraded shares of Zillow Group from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their target price on Zillow Group from $46.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Four equities research 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.33.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now owns 69,649 shares of the company's stock, valued at approximately $5,154,026. This represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 of the company's stock, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,314 shares of company stock valued at $11,782,498. Corporate insiders own 23.76% of the company's stock.

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.