Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by IVY Lane Capital Management LLC

IVY Lane Capital Management LLC increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 35.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,000 shares of the financial services provider’s stock after buying an additional 35,000 shares during the quarter. Zillow Group comprises 4.9% of IVY Lane Capital Management LLC’s holdings, making the stock its 9th largest position. IVY Lane Capital Management LLC owned 0.06% of Zillow Group worth $8,620,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of Z. abrdn plc boosted its position in shares of 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. Prudential PLC purchased a new stake in Zillow Group in the second quarter valued at $474,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Zillow Group by 32.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock worth $4,158,000 after purchasing an additional 20,729 shares in the last quarter. Empowered Funds LLC increased its position in Zillow Group by 14.6% during the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock worth $232,000 after buying an additional 606 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Zillow Group in the 3rd quarter valued at $1,370,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on Z. Jefferies Financial Group boosted their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Morgan Stanley upped their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Price Performance

NASDAQ Z opened at $73.04 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The business has a fifty day moving average of $63.61 and a 200-day moving average of $53.20.

Insiders Place Their Bets

In other news, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 7,155 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the transaction, the chief financial officer now directly owns 111,239 shares in the company, valued at approximately $6,328,386.71. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,419 shares of company stock valued at $9,369,723 in the last quarter. 23.76% of the stock is currently owned by company 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.