Dai ichi Life Insurance Company Ltd Invests $233,000 in Zillow Group, Inc. (NASDAQ:Z)

Dai ichi Life Insurance Company Ltd bought a new stake in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, HoldingsChannel reports. The fund bought 3,657 shares of the financial services provider’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Zillow Group by 55.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,958 shares of the financial services provider’s stock worth $2,871,000 after buying an additional 16,055 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Zillow Group during the third quarter valued at about $1,419,000. Independent Advisor Alliance purchased a new stake in shares of Zillow Group during the third quarter worth about $223,000. Daiwa Securities Group Inc. lifted its stake in shares of Zillow Group by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,736 shares of the financial services provider’s stock worth $749,000 after acquiring an additional 900 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in Zillow Group by 38.6% in the third quarter. Pekin Hardy Strauss Inc. now owns 18,950 shares of the financial services provider’s stock valued at $1,210,000 after purchasing an additional 5,275 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction on 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 owns 92 shares of the company’s stock, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the sale, the chief accounting officer now directly owns 69,649 shares in the company, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,439 shares of company stock worth $11,576,823 over the last quarter. 23.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on Z shares. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley increased their price target 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. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Trading Up 0.7 %

Zillow Group stock opened at $85.45 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 1 year low of $38.45 and a 1 year high of $86.37. The firm’s 50-day moving average is $67.09 and its 200-day moving average is $55.31. The company has a market cap of $19.96 billion, a P/E ratio of -149.91 and a beta of 1.95.

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.