Entropy Technologies LP Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

Entropy Technologies LP increased its holdings in Zillow Group, Inc. (NASDAQ:Z) by 35.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,126 shares of the financial services provider’s stock after purchasing an additional 7,675 shares during the period. Entropy Technologies LP’s holdings in Zillow Group were worth $2,157,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Zillow Group in the third quarter worth about $35,000. Blue Trust Inc. grew its stake in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Zillow Group during the 3rd quarter valued at about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 0.4 %

NASDAQ Z opened at $87.32 on Monday. The company has a current ratio of 3.13, a quick 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 $88.15. The stock’s 50 day moving average is $78.69 and its 200 day moving average is $67.52. The stock has a market cap of $20.39 billion, a PE ratio of -153.19, a P/E/G ratio of 16.20 and a beta of 2.03.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,689 shares of company stock valued at $12,520,379. 23.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.