Zillow Group, Inc. (NASDAQ:Z) Position Raised by Ninety One UK Ltd

Ninety One UK Ltd raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,617,761 shares of the financial services provider’s stock after buying an additional 111,231 shares during the period. Ninety One UK Ltd’s holdings in Zillow Group were worth $267,895,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Zillow Group by 2.4% in the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Zillow Group by 0.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after buying an additional 198 shares during the period. Rosenberg Matthew Hamilton grew its stake in Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after buying an additional 245 shares during the last quarter. Finally, Mirador Capital Partners LP raised its holdings in Zillow Group by 1.5% in the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 292 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $84.45 on Wednesday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $78.59 and its 200-day simple moving average is $66.74.

Insider Buying and Selling at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the transaction, the chief technology officer now directly owns 92 shares of the company’s stock, valued at $6,659.88. This trade represents a 99.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,689 shares of company stock valued at $12,520,379. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on Z shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America increased their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley boosted 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, January 13th. Finally, KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average 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.