Ninety One UK Ltd boosted its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,617,761 shares of the financial services provider's stock after purchasing an additional 111,231 shares during the period. Ninety One UK Ltd owned about 1.55% of Zillow Group worth $267,895,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in Z. abrdn plc grew its position in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock worth $3,128,000 after buying an additional 24,247 shares during the period. IVY Lane Capital Management LLC boosted its stake in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock worth $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Zillow Group in the 4th quarter worth approximately $1,932,000. Thrivent Financial for Lutherans acquired a new stake in shares of Zillow Group in the 3rd quarter worth approximately $6,267,000. Finally, Friedenthal Financial purchased a new position in Zillow Group in the 4th quarter valued at approximately $754,000. Hedge funds and other institutional investors own 71.01% of the company's stock.
Insider Buying and Selling
In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,187 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now owns 69,649 shares of the company's stock, valued at $5,154,026. This represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock worth $12,520,379 over the last ninety days. 23.76% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Z has been the topic of several recent research reports. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Morgan Stanley raised their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Jefferies Financial Group boosted their price target on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $72.83.
View Our Latest Stock Report on Z
Zillow Group Stock Performance
Shares of Zillow Group stock opened at $84.45 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The firm's 50-day simple moving average is $78.59 and its 200-day simple moving average is $66.74.
About Zillow Group
(
Free Report)
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.
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