Oak Thistle LLC Trims Position in Zillow Group, Inc. (NASDAQ:Z)

Oak Thistle LLC lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 84.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,777 shares of the financial services provider's stock after selling 14,891 shares during the quarter. Oak Thistle LLC's holdings in Zillow Group were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Zillow Group during the 2nd quarter valued at about $158,000. DekaBank Deutsche Girozentrale increased its position in shares of 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 last quarter. Dimensional Fund Advisors LP raised its holdings in Zillow Group by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider's stock valued at $66,032,000 after buying an additional 139,489 shares during the period. Edgestream Partners L.P. boosted its stake in Zillow Group by 89.3% during the second quarter. Edgestream Partners L.P. now owns 18,359 shares of the financial services provider's stock worth $852,000 after buying an additional 8,660 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Zillow Group by 28.4% during the second quarter. Canada Pension Plan Investment Board now owns 191,200 shares of the financial services provider's stock valued at $8,870,000 after acquiring an additional 42,300 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Z has been the topic of a number of research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America upped their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Morgan Stanley lifted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $72.83.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares of the company's stock, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dan Spaulding sold 4,565 shares of the firm'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 value of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company's stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock valued at $10,395,879 in the last ninety days. Insiders own 23.76% of the company's stock.

Zillow Group Stock Up 1.8 %

Z stock traded up $1.34 during mid-day trading on Friday, reaching $77.86. The company had a trading volume of 2,853,851 shares, compared to its average volume of 1,948,453. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.88. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of -136.60, a price-to-earnings-growth ratio of 13.43 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a fifty day simple moving average of $77.75 and a 200 day simple moving average of $63.79.

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.