Victory Capital Management Inc. Acquires 12,048 Shares of Zillow Group, Inc. (NASDAQ:Z)

Victory Capital Management Inc. lifted its position in Zillow Group, Inc. (NASDAQ:ZFree Report) by 48.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,050 shares of the financial services provider’s stock after purchasing an additional 12,048 shares during the quarter. Victory Capital Management Inc.’s holdings in Zillow Group were worth $1,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in Z. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Zillow Group by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,595 shares of the financial services provider’s stock worth $1,262,000 after buying an additional 1,839 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Zillow Group by 38.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,878 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 2,746 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Zillow Group during the first quarter worth about $531,000. Great West Life Assurance Co. Can increased its position in shares of Zillow Group by 52.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 102,746 shares of the financial services provider’s stock valued at $5,368,000 after purchasing an additional 35,379 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Zillow Group by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider’s stock valued at $33,103,000 after buying an additional 9,463 shares in the last quarter. Hedge funds and other institutional investors own 71.17% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Zillow Group from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 7th. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.50.

Read Our Latest Analysis on Zillow Group

Zillow Group Stock Performance

Zillow Group stock opened at $54.95 on Friday. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $59.86. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of -82.01 and a beta of 1.81. The stock’s 50 day simple moving average is $54.56 and its two-hundred day simple moving average is $48.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.84 and a current ratio of 3.84.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 3,685 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $38.90, for a total value of $143,346.50. Following the sale, the insider now owns 53,059 shares in the company, valued at $2,063,995.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Jennifer Rock sold 2,222 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $45.19, for a total value of $100,412.18. Following the transaction, the chief accounting officer now owns 63,736 shares in the company, valued at approximately $2,880,229.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Daimler sold 3,685 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $38.90, for a total transaction of $143,346.50. Following the sale, the insider now owns 53,059 shares of the company’s stock, valued at $2,063,995.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,923 shares of company stock worth $2,899,105. Corporate insiders own 15.30% of the company’s stock.

Zillow Group Company Profile

(Free Report)

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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