Zillow Group, Inc. (NASDAQ:Z) Position Lessened by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,921 shares of the financial services provider’s stock after selling 3,109 shares during the period. Gateway Investment Advisers LLC owned about 0.06% of Zillow Group worth $9,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mirador Capital Partners LP grew its position in Zillow Group by 1.5% in the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 292 shares in the last quarter. ERn Financial LLC lifted its position in shares of Zillow Group by 11.2% in the fourth quarter. ERn Financial LLC now owns 11,239 shares of the financial services provider’s stock worth $832,000 after buying an additional 1,135 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Zillow Group by 14.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,247 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 1,324 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Zillow Group by 1,309.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider’s stock valued at $4,915,000 after acquiring an additional 61,663 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its stake in shares of Zillow Group by 25.6% in the 4th quarter. Accurate Wealth Management LLC now owns 28,657 shares of the financial services provider’s stock valued at $2,041,000 after acquiring an additional 5,841 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Up 1.6 %

Zillow Group stock opened at $76.52 on Friday. The business has a 50 day moving average price of $77.67 and a two-hundred day moving average price of $63.57. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.88.

Insider Activity at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. 23.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Four research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

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.