B. Metzler seel. Sohn & Co. Holding AG Makes New $234,000 Investment in Zillow Group, Inc. (NASDAQ:Z)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,671 shares of the financial services provider’s stock, valued at approximately $234,000.

A number of other hedge funds have also recently bought and sold shares of the company. IVY Lane Capital Management LLC boosted its holdings in Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares during the last quarter. Swiss National Bank boosted its holdings in Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock worth $29,807,000 after acquiring an additional 3,300 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Zillow Group during the 3rd quarter worth $6,267,000. CIBC Asset Management Inc boosted its holdings in shares of Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after buying an additional 318 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Zillow Group in the 3rd quarter worth about $1,370,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,155 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the sale, the chief financial officer now owns 111,239 shares of the company’s stock, valued at approximately $6,328,386.71. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jun Choo sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the sale, the chief operating officer now directly owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,419 shares of company stock worth $11,371,413 over the last ninety days. Insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on Z. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Bank of America upped 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. Morgan Stanley upped their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four investment 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Stock Up 0.7 %

Z stock opened at $84.34 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $65.81 and its 200 day moving average is $54.50. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of -147.96 and a beta of 1.95. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.37.

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.