Forsta AP Fonden Has $2.53 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Forsta AP Fonden lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,100 shares of the financial services provider’s stock after selling 2,100 shares during the period. Forsta AP Fonden’s holdings in Zillow Group were worth $2,525,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Algert Global LLC acquired a new stake in Zillow Group during the second quarter worth approximately $564,000. Creative Planning grew its holdings in shares of Zillow Group by 29.4% during the 2nd quarter. Creative Planning now owns 18,581 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 4,217 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Zillow Group in the second quarter worth $319,000. Mirador Capital Partners LP increased its position in shares of Zillow Group by 39.5% in the third quarter. Mirador Capital Partners LP now owns 19,663 shares of the financial services provider’s stock worth $1,255,000 after purchasing an additional 5,568 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Zillow Group by 26.4% in the third quarter. Handelsbanken Fonder AB now owns 45,500 shares of the financial services provider’s stock valued at $2,905,000 after purchasing an additional 9,500 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Down 2.0 %

Shares of Z opened at $82.22 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88. The stock has a market capitalization of $19.20 billion, a price-to-earnings ratio of -144.25, a PEG ratio of 11.21 and a beta of 2.02. The stock has a fifty day moving average of $78.64 and a 200-day moving average of $66.19.

Insiders Place Their Bets

In related news, CTO David A. Beitel sold 56,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,689 shares of company stock valued at $12,520,379 in the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on Z shares. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday. Jefferies Financial Group upped their target price 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 lifted their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Morgan Stanley upped their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.83.

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.