Toronto Dominion Bank Sells 2,745,270 Shares of Zillow Group, Inc. (NASDAQ:Z)

Toronto Dominion Bank lessened its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 99.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,776 shares of the financial services provider's stock after selling 2,745,270 shares during the period. Toronto Dominion Bank's holdings in Zillow Group were worth $1,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of Z. FMR LLC boosted its stake in Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Dorsal Capital Management LP boosted its position in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider's stock worth $143,809,000 after acquiring an additional 1,160,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Zillow Group by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider's stock valued at $66,032,000 after purchasing an additional 139,489 shares during the period. Groupama Asset Managment acquired a new position in Zillow Group during the third quarter worth approximately $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Zillow Group during the third quarter worth approximately $38,310,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $0.87 during trading on Tuesday, hitting $80.77. The stock had a trading volume of 1,965,436 shares, compared to its average volume of 3,677,868. The business has a fifty day moving average of $71.64 and a two-hundred day moving average of $59.11. The firm has a market cap of $18.86 billion, a P/E ratio of -141.70 and a beta of 2.01. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Insider Buying and Selling

In related news, insider Susan Daimler sold 3,694 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company's stock, 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 the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 5,652 shares of the company's stock, valued at approximately $379,983.96. This represents a 78.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,314 shares of company stock worth $11,782,498 in the last three months. 23.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on Z shares. Morgan Stanley increased their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald upgraded Zillow Group to a "hold" rating in a report on Thursday, September 5th. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.33.

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.