Northwest & Ethical Investments L.P. Acquires Shares of 2,000 Zillow Group, Inc. (NASDAQ:Z)

Northwest & Ethical Investments L.P. bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the third quarter, Holdings Channel reports. The fund bought 2,000 shares of the financial services provider’s stock, valued at approximately $128,000.

A number of other institutional investors also recently modified their holdings of Z. Larson Financial Group LLC boosted its stake in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group during the 3rd quarter worth $35,000. Blue Trust Inc. increased its position in shares of Zillow Group by 66.3% in the third 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, Quarry LP acquired a new position in Zillow Group in the second quarter valued at about $61,000. Institutional investors own 71.01% of the company’s stock.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 3,484 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total value of $188,763.12. Following the sale, the insider now owns 22,464 shares in the company, valued at approximately $1,217,099.52. The trade was a 13.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This trade represents a 78.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,439 shares of company stock valued at $11,576,823 over the last quarter. 23.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on Z shares. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Performance

Shares of Z opened at $84.71 on Friday. The business has a 50-day simple moving average of $67.80 and a two-hundred day simple moving average of $55.81. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $86.88. 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 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.