Toronto Dominion Bank Sells 2,745,270 Shares of Zillow Group, Inc. (NASDAQ:Z)

Toronto Dominion Bank decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 99.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,776 shares of the financial services provider’s stock after selling 2,745,270 shares during the period. Toronto Dominion Bank’s holdings in Zillow Group were worth $1,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of Z. Larson Financial Group LLC increased its position in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC bought a new position in Zillow Group in the third quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. Finally, Quarry LP bought a new stake in Zillow Group during the 2nd quarter valued at $61,000. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Morgan Stanley raised their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Bank of America raised their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $50.00 to $80.00 in a research report 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Performance

Z opened at $81.64 on Tuesday. The firm has a fifty day moving average price of $71.64 and a 200 day moving average price of $59.11. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The stock has a market cap of $19.07 billion, a P/E ratio of -143.23 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Insiders Place Their Bets

In other news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 78.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,314 shares of company stock worth $11,782,498. 23.76% of the stock is owned by corporate insiders.

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.