Atom Investors LP Has $2.79 Million Position in Zillow Group, Inc. (NASDAQ:Z)

Atom Investors LP decreased its stake in Zillow Group, Inc. (NASDAQ:Z) by 36.5% in the third quarter, Holdings Channel reports. The institutional investor owned 43,643 shares of the financial services provider’s stock after selling 25,135 shares during the quarter. Atom Investors LP’s holdings in Zillow Group were worth $2,787,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Zillow Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock valued at $4,355,000 after buying an additional 4,830 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Zillow Group by 24.7% during the 2nd quarter. DNB Asset Management AS now owns 26,834 shares of the financial services provider’s stock valued at $1,245,000 after purchasing an additional 5,308 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Zillow Group by 146.8% during the 2nd quarter. SG Americas Securities LLC now owns 146,246 shares of the financial services provider’s stock valued at $6,784,000 after purchasing an additional 87,000 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in Zillow Group by 946.1% in the second quarter. Gateway Investment Advisers LLC now owns 178,207 shares of the financial services provider’s stock worth $8,267,000 after purchasing an additional 161,172 shares in the last quarter. Finally, Mirador Capital Partners LP acquired a new position in Zillow Group during the second quarter worth $654,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Morgan Stanley boosted their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. 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 report on Tuesday, October 22nd. Bank of America lifted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $83.70 on Tuesday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.88. The business’s 50 day moving average is $68.16 and its two-hundred day moving average is $56.23. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Transactions at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 78.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,591 shares of company stock worth $11,892,886. Insiders own 23.76% of the company’s stock.

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.