Coronation Fund Managers Ltd. Grows Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Coronation Fund Managers Ltd. boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,003 shares of the financial services provider’s stock after buying an additional 3,909 shares during the period. Zillow Group makes up about 1.0% of Coronation Fund Managers Ltd.’s holdings, making the stock its 28th biggest position. Coronation Fund Managers Ltd.’s holdings in Zillow Group were worth $16,587,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Zillow Group by 400.0% in the third 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 purchased a new position in shares of Zillow Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. lifted its stake 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 valued at $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group purchased a new stake in Zillow Group during the third quarter worth about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after buying an additional 579 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

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

Zillow Group Trading Up 0.4 %

Shares of Z stock opened at $87.32 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a 50-day moving average price of $78.69 and a 200 day moving average price of $67.52. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $88.15.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Bank of America upped their target price on 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 lifted their price target on 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 shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Five investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.83.

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.