Ninety One SA PTY Ltd Raises Position in Zillow Group, Inc. (NASDAQ:Z)

Ninety One SA PTY Ltd raised its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,988 shares of the financial services provider's stock after buying an additional 4,606 shares during the period. Ninety One SA PTY Ltd's holdings in Zillow Group were worth $3,628,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $35,000. Blue Trust Inc. raised its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $74,000. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock worth $120,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,689 shares of company stock valued at $12,520,379 over the last three months. Corporate insiders own 23.76% of the company's stock.

Zillow Group Trading Up 0.4 %

Z stock traded up $0.32 during trading on Friday, reaching $87.32. The company had a trading volume of 2,478,134 shares, compared to its average volume of 2,204,552. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $88.15. The company has a market cap of $20.39 billion, a P/E ratio of -153.19, a PEG ratio of 16.20 and a beta of 2.03. The business has a 50 day moving average of $78.63 and a 200 day moving average of $67.02. 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 Ratings Changes

Several research analysts have recently weighed in on the stock. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Thursday, November 7th. Jefferies Financial Group upped their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.83.

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.