Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,249,254 shares of the financial services provider's stock after selling 71,868 shares during the quarter. Baillie Gifford & Co. owned about 0.54% of Zillow Group worth $79,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of Z. Entropy Technologies LP acquired a new position in shares of Zillow Group during the third quarter worth about $1,370,000. Forum Financial Management LP purchased a new stake in Zillow Group in the 3rd quarter valued at approximately $261,000. Optas LLC acquired a new position in Zillow Group during the 3rd quarter worth approximately $315,000. F M Investments LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $1,901,000. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $213,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Up 0.4 %

Zillow Group stock traded up $0.32 during midday trading on Wednesday, hitting $74.67. 3,077,429 shares of the company were exchanged, compared to its average volume of 3,774,873. The company has a market cap of $17.28 billion, a PE ratio of -131.00 and a beta of 1.95. Zillow Group, Inc. has a fifty-two week low of $37.36 and a fifty-two week high of $76.69. The company's fifty day moving average price is $62.39 and its 200-day moving average price is $52.54. 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 Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 6,776 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.07, for a total value of $359,602.32. Following the transaction, the chief executive officer now directly owns 167,663 shares of the company's stock, valued at $8,897,875.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now owns 2,826 shares in the company, valued at $172,696.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeremy Wacksman sold 6,776 shares of Zillow Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.07, for a total value of $359,602.32. Following the completion of the transaction, the chief executive officer now owns 167,663 shares of the company's stock, valued at approximately $8,897,875.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,237 shares of company stock valued at $2,914,414. 23.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on Z. 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 research note on Tuesday, October 22nd. Bank of America upped 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. Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Wedbush raised shares of Zillow Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Zillow Group presently 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.