International Assets Investment Management LLC Has $246,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

International Assets Investment Management LLC trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 98.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,362 shares of the financial services provider's stock after selling 243,035 shares during the period. International Assets Investment Management LLC's holdings in Zillow Group were worth $246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc lifted its holdings in Zillow Group by 10.7% in the second quarter. TD Asset Management Inc now owns 14,420 shares of the financial services provider's stock worth $669,000 after acquiring an additional 1,398 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Zillow Group during the second quarter valued at $158,000. Daiwa Securities Group Inc. increased its holdings in shares of Zillow Group by 8.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 10,836 shares of the financial services provider's stock worth $503,000 after acquiring an additional 800 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Zillow Group by 41.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider's stock valued at $1,627,000 after purchasing an additional 10,260 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider's stock worth $66,032,000 after purchasing an additional 139,489 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on Z. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America increased their price target on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group upped their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday. Four equities 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 stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and an average target price of $72.83.

Insiders Place Their Bets

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dan Spaulding sold 4,565 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares of the company's stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $1.50 during trading hours on Tuesday, reaching $72.33. The stock had a trading volume of 836,495 shares, compared to its average volume of 2,283,480. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month 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. The business's fifty day moving average is $77.08 and its two-hundred day moving average is $63.22. The company has a market cap of $16.89 billion, a price-to-earnings ratio of -126.89 and a beta of 2.02.

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.