Qsemble Capital Management LP Buys Shares of 22,220 Zillow Group, Inc. (NASDAQ:Z)

Qsemble Capital Management LP acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 22,220 shares of the financial services provider’s stock, valued at approximately $1,419,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Zillow Group by 2.4% during the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after buying an additional 166 shares during the period. Arkadios Wealth Advisors raised its holdings in Zillow Group by 0.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 198 shares during the last quarter. Doliver Advisors LP lifted its stake in shares of Zillow Group by 3.3% during the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 310 shares during the period. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Zillow Group by 5.5% in the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,155 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total transaction of $407,047.95. Following the sale, the chief financial officer now owns 111,239 shares in the company, valued at $6,328,386.71. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the completion of the transaction, the chief operating officer now owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,419 shares of company stock worth $11,371,413. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Morgan Stanley raised their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Stock Up 0.7 %

NASDAQ:Z opened at $84.34 on Tuesday. The firm has a 50-day moving average of $65.81 and a two-hundred day moving average of $54.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.37.

About Zillow Group

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.