Pathstone Family Office LLC lifted its holdings in Zillow Group, Inc. (NASDAQ:Z – Free Report) by 129.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,611 shares of the financial services provider’s stock after acquiring an additional 15,588 shares during the quarter. Pathstone Family Office LLC’s holdings in Zillow Group were worth $1,302,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its position in 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 purchasing an additional 1,839 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew 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 buying an additional 2,746 shares during the period. MetLife Investment Management LLC acquired a new stake in Zillow Group during the first quarter valued at $531,000. Great West Life Assurance Co. Can increased its holdings in Zillow Group by 52.5% in the first 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 buying an additional 35,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Zillow Group by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider’s stock worth $33,103,000 after acquiring an additional 9,463 shares during the period. 71.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Z has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Morgan Stanley reduced their target price on Zillow Group from $55.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Hold” and a consensus price target of $55.50.
Zillow Group Stock Up 1.0 %
Shares of Z opened at $55.48 on Tuesday. The stock has a 50 day moving average price of $54.79 and a 200 day moving average price of $48.92. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $59.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of -82.80 and a beta of 1.81.
Insider Transactions at Zillow Group
In other Zillow Group news, CAO Jennifer Rock sold 2,222 shares of the 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 completion of the sale, the chief accounting officer now owns 63,736 shares in the company, valued at approximately $2,880,229.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zillow Group news, CAO Jennifer Rock sold 2,222 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $45.19, for a total value of $100,412.18. Following the completion of the sale, the chief accounting officer now directly owns 63,736 shares of the company’s stock, valued at approximately $2,880,229.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 3,865 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $43.46, for a total transaction of $167,972.90. Following the transaction, the insider now directly owns 44,604 shares in the company, valued at approximately $1,938,489.84. The disclosure for this sale can be found here. Insiders sold 69,238 shares of company stock valued at $2,755,758 over the last 90 days. 15.30% of the stock is currently owned by corporate insiders.
About Zillow Group
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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