Ninety One SA PTY Ltd Boosts Holdings in Zillow Group, Inc. (NASDAQ:Z)

Ninety One SA PTY Ltd boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 48,988 shares of the financial services provider’s stock after purchasing an additional 4,606 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Zillow Group were worth $3,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new position in shares of Zillow Group during the 3rd quarter valued at $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Zillow Group in the 3rd quarter worth $38,310,000. Bridgewater Associates LP grew its holdings in shares of Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after acquiring an additional 424,615 shares during the period. Finally, International Assets Investment Management LLC increased its position in Zillow Group by 8,162.8% during the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock valued at $15,732,000 after acquiring an additional 243,415 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,689 shares of company stock worth $12,520,379. 23.76% of the stock is owned by corporate insiders.

Zillow Group Trading Up 2.7 %

Shares of Z stock opened at $84.45 on Wednesday. The stock has a fifty day simple moving average of $78.59 and a two-hundred day simple moving average of $66.74. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The firm has a market capitalization of $19.72 billion, a PE ratio of -148.16, a PEG ratio of 11.41 and a beta of 2.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Bank of America boosted their target price 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. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday. Finally, Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $72.83.

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.