DekaBank Deutsche Girozentrale Has $1.63 Million Holdings in Zillow Group, Inc. (NASDAQ:Z)

DekaBank Deutsche Girozentrale lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 27.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,099 shares of the financial services provider's stock after selling 9,725 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Zillow Group were worth $1,634,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Arkadios Wealth Advisors raised its stake in shares of Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider's stock worth $2,645,000 after buying an additional 198 shares during the last quarter. Forsta AP Fonden acquired a new stake in Zillow Group during the 3rd quarter worth $2,311,000. Assenagon Asset Management S.A. bought a new stake in shares of Zillow Group during the 3rd quarter valued at $301,000. Brighton Jones LLC lifted its stake in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider's stock valued at $444,000 after purchasing an additional 166 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of 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 purchasing an additional 243,415 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on Z shares. Cantor Fitzgerald raised shares of Zillow Group to a "hold" rating in a research note on Thursday, September 5th. Bank of America lifted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Morgan Stanley lifted their target price 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, UBS Group upgraded Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Four 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, Zillow Group presently has a consensus rating of "Moderate Buy" and an average target price of $70.33.

Zillow Group Stock Performance

Z traded down $0.29 during trading hours on Friday, reaching $59.80. The company's stock had a trading volume of 2,766,631 shares, compared to its average volume of 2,871,574. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The company's 50-day moving average is $60.65 and its 200-day moving average is $51.16. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $68.73. The firm has a market cap of $13.84 billion, a PE ratio of -98.03 and a beta of 1.95.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. On average, equities analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Insider Buying and Selling

In other news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Amy Bohutinsky sold 20,625 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now directly owns 2,826 shares of the company's stock, valued at $172,696.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,999 shares of company stock valued at $11,780,363. 23.76% of the stock is owned by company 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.