Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,622 shares of the financial services provider’s stock after selling 1,321 shares during the quarter. Victory Capital Management Inc.’s holdings in Zillow Group were worth $1,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of 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 buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Zillow Group in the 3rd quarter valued at $35,000. Larson Financial Group LLC increased its holdings in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Blue Trust Inc. raised its position 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 acquiring an additional 313 shares during the period. Finally, Quarry LP acquired a new position in Zillow Group during the second quarter worth $61,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on Z shares. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America boosted their price target 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, Morgan Stanley raised their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Insiders Place Their Bets

In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now owns 2,826 shares in the company, valued at $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 7,155 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total value of $407,047.95. Following the completion of the transaction, the chief financial officer now directly owns 111,239 shares in the company, valued at approximately $6,328,386.71. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,419 shares of company stock valued at $11,371,413 in the last three months. 23.76% of the stock is currently owned by insiders.

Zillow Group Stock Performance

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

About Zillow Group

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.