BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.68 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Zillow Group, Inc. (NASDAQ:Z) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,265 shares of the financial services provider’s stock after selling 3,880 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Zillow Group were worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in Z. Brighton Jones LLC lifted its stake in Zillow Group by 2.4% in 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 in the last quarter. Arkadios Wealth Advisors lifted its position 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 in the last quarter. Doliver Advisors LP lifted its position in Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 310 shares in the last quarter. Blue Trust Inc. boosted its stake in Zillow Group by 66.3% in the 3rd 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 period. Finally, CIBC Asset Management Inc increased its holdings in Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on Z shares. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group upped their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Stock Performance

NASDAQ Z opened at $81.30 on Friday. The firm has a market capitalization of $18.99 billion, a P/E ratio of -142.63 and a beta of 2.01. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $69.13 and its two-hundred day moving average price is $56.87. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88.

Insider Activity

In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares of the company’s stock, valued at $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan Daimler sold 3,484 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the transaction, the insider now directly owns 22,464 shares in the company, valued at $1,217,099.52. The trade was a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,591 shares of company stock valued at $11,892,886. 23.76% of the stock is owned by company insiders.

Zillow Group 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.