Zillow Group, Inc. (NASDAQ:Z) Stock Holdings Lessened by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 383,242 shares of the financial services provider's stock after selling 45,948 shares during the period. Zillow Group makes up about 7.3% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 3rd largest holding. TB Alternative Assets Ltd. owned 0.16% of Zillow Group worth $28,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in 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 acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the 3rd quarter worth $35,000. Blue Trust Inc. raised 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 worth $50,000 after purchasing an additional 313 shares during the last quarter. Quarry LP bought a new position in shares of Zillow Group during the second quarter valued at $61,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Zillow Group during the third quarter valued at $74,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Trading Up 0.3 %

Shares of NASDAQ:Z traded up $0.22 during trading hours on Tuesday, hitting $78.08. 2,466,647 shares of the company's stock traded hands, compared to its average volume of 2,585,101. The firm has a market capitalization of $18.24 billion, a P/E ratio of -136.98, a price-to-earnings-growth ratio of 13.33 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The business has a fifty day moving average price of $77.87 and a 200-day moving average price of $64.50.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the transaction, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now owns 31,739 shares of the company's stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,689 shares of company stock valued at $10,395,879. Company insiders own 23.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on Z shares. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Jefferies Financial Group boosted their price target on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and a consensus target price 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.