Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by IVY Lane Capital Management LLC

IVY Lane Capital Management LLC raised its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 35.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,000 shares of the financial services provider's stock after buying an additional 35,000 shares during the period. Zillow Group accounts for 4.9% of IVY Lane Capital Management LLC's holdings, making the stock its 9th largest holding. IVY Lane Capital Management LLC owned approximately 0.06% of Zillow Group worth $8,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew 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 worth $444,000 after acquiring an additional 166 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider's stock valued at $2,645,000 after purchasing an additional 198 shares during the last quarter. Doliver Advisors LP grew its stake in shares of Zillow Group by 3.3% in the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider's stock worth $618,000 after purchasing an additional 310 shares during the last quarter. Blue Trust Inc. increased its holdings in Zillow Group by 66.3% during the 3rd 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 period. Finally, CIBC Asset Management Inc raised its position in Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider's stock valued at $388,000 after purchasing an additional 318 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 8,225 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now owns 61,424 shares in the company, valued at $4,487,023.20. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Bradley D. Owens sold 1,846 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.03, for a total value of $134,813.38. Following the sale, the general counsel now owns 29,893 shares of the company's stock, valued at $2,183,085.79. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,419 shares of company stock valued at $9,369,723. 23.76% of the stock is owned by insiders.

Zillow Group Trading Up 0.4 %

Shares of NASDAQ:Z traded up $0.28 during trading on Monday, hitting $73.32. The company had a trading volume of 1,913,674 shares, compared to its average volume of 3,757,617. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of -128.14 and a beta of 1.95. Zillow Group, Inc. has a one year low of $37.63 and a one year high of $76.69. The company has a fifty day simple moving average of $63.61 and a two-hundred day simple moving average of $53.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Wall Street Analysts Forecast Growth

Several analysts have commented on Z shares. Morgan Stanley raised their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Cantor Fitzgerald upgraded shares of Zillow Group to a "hold" rating in a report on Thursday, September 5th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.