Ninety One SA PTY Ltd grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z – Free Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,988 shares of the financial services provider’s stock after buying 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.
A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the period. 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 worth $444,000 after purchasing an additional 166 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after buying an additional 198 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after buying an additional 245 shares during the last quarter. Finally, Mirador Capital Partners LP raised its holdings in shares of Zillow Group by 1.5% in the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after buying an additional 292 shares during the period. Institutional investors own 71.01% of the company’s stock.
Insider Transactions at Zillow Group
In other news, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 164,689 shares of company stock valued at $12,520,379. Corporate insiders own 23.76% of the company’s stock.
Zillow Group Stock Up 2.7 %
Wall Street Analyst Weigh In
Z has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America lifted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.
Read Our Latest Stock Analysis on Zillow Group
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.
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