QRG Capital Management Inc. Sells 9,792 Shares of Zillow Group, Inc. (NASDAQ:Z)

QRG Capital Management Inc. lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 62.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,903 shares of the financial services provider's stock after selling 9,792 shares during the period. QRG Capital Management Inc.'s holdings in Zillow Group were worth $377,000 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. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Zillow Group in the 3rd quarter worth approximately $35,000. Larson Financial Group LLC grew its stake in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider's stock worth $28,000 after buying an additional 481 shares in the last quarter. Blue Trust Inc. grew its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after buying an additional 313 shares in the last quarter. Finally, Quarry LP purchased a new position in Zillow Group in the 2nd quarter worth approximately $61,000. Institutional investors own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on Z. Cantor Fitzgerald raised shares of Zillow Group to a "hold" rating in a research note on Thursday, September 5th. UBS Group raised shares of Zillow Group to a "strong-buy" rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and a consensus target price of $70.33.

Zillow Group Stock Up 2.6 %

Shares of Zillow Group stock traded up $1.90 during trading on Monday, hitting $75.79. The company's stock had a trading volume of 3,079,851 shares, compared to its average volume of 3,780,863. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 3.13. The company has a fifty day simple moving average of $61.98 and a two-hundred day simple moving average of $52.32. The company has a market capitalization of $17.54 billion, a PE ratio of -132.96 and a beta of 1.95. Zillow Group, Inc. has a 52 week low of $35.44 and a 52 week high of $75.92.

Insider Activity at Zillow Group

In other news, General Counsel Bradley D. Owens sold 752 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total transaction of $39,953.76. Following the sale, the general counsel now owns 35,259 shares of the company's stock, valued at $1,873,310.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, General Counsel Bradley D. Owens sold 752 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares of the company's stock, valued at approximately $1,873,310.67. This trade represents a 0.00 % 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, CEO Jeremy Wacksman sold 4,480 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $52.83, for a total transaction of $236,678.40. Following the completion of the transaction, the chief executive officer now directly owns 174,439 shares in the company, valued at approximately $9,215,612.37. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,596 shares of company stock valued at $3,938,581. 23.76% of the stock is owned by insiders.

Zillow Group Company 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.