Quantinno Capital Management LP Increases Position in Zillow Group, Inc. (NASDAQ:Z)

Quantinno Capital Management LP boosted its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 130.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,245 shares of the financial services provider's stock after buying an additional 8,070 shares during the period. Quantinno Capital Management LP's holdings in Zillow Group were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of Z. Brighton Jones LLC boosted its position in shares of Zillow Group by 2.4% in the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider's stock valued at $444,000 after acquiring an additional 166 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider's stock worth $2,645,000 after purchasing an additional 198 shares during the period. Doliver Advisors LP boosted its position in shares of Zillow Group by 3.3% during the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider's stock valued at $618,000 after acquiring an additional 310 shares during the last quarter. Blue Trust Inc. lifted its position in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Zillow Group by 5.5% in the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider's stock worth $388,000 after acquiring an additional 318 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Zillow Group Stock Performance

NASDAQ:Z traded down $0.40 on Friday, hitting $79.93. The stock had a trading volume of 2,121,681 shares, compared to its average volume of 2,650,862. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of -140.23 and a beta of 2.01. The business's 50-day simple moving average is $71.22 and its two-hundred day simple moving average is $58.68. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week 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.

Insiders Place Their Bets

In related news, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now owns 2,826 shares in the company, valued at $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,140 shares of company stock valued at $11,955,195 over the last quarter. 23.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America raised their target price 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. Jefferies Financial Group increased 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 boosted their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald raised shares of Zillow Group to a "hold" rating in a research note on Thursday, September 5th. 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.com, Zillow Group currently has a consensus rating of "Moderate Buy" and an average target price of $70.33.

Zillow Group 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.