Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,249,254 shares of the financial services provider’s stock after selling 71,868 shares during the quarter. Baillie Gifford & Co. owned approximately 0.54% of Zillow Group worth $79,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of Z. Dorsal Capital Management LP grew its position in Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after acquiring an additional 1,160,000 shares during the period. Natixis acquired a new position in shares of Zillow Group in the 1st quarter valued at $41,129,000. Coronation Fund Managers Ltd. grew its holdings in shares of Zillow Group by 238.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares during the period. International Assets Investment Management LLC increased its position in shares of Zillow Group by 8,162.8% during the 3rd quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock worth $15,732,000 after purchasing an additional 243,415 shares during the last quarter. Finally, Capital World Investors raised its holdings in Zillow Group by 2.8% in the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after buying an additional 238,554 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Down 1.9 %

Shares of NASDAQ:Z opened at $74.35 on Wednesday. The firm has a 50 day simple moving average of $62.39 and a 200-day simple moving average of $52.54. Zillow Group, Inc. has a twelve month low of $35.44 and a twelve month high of $76.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Analyst Upgrades and Downgrades

Z has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Morgan Stanley raised their target price on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Insider Activity at Zillow Group

In other news, CEO Jeremy Wacksman sold 6,776 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.07, for a total transaction of $359,602.32. Following the transaction, the chief executive officer now directly owns 167,663 shares in the company, valued at approximately $8,897,875.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now directly owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 6,776 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.07, for a total value of $359,602.32. Following the completion of the transaction, the chief executive officer now directly owns 167,663 shares in the company, valued at approximately $8,897,875.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,237 shares of company stock valued at $2,914,414 in the last three months. 23.76% of the stock is currently owned by company insiders.

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.