Amalgamated Bank Cuts Position in Zillow Group, Inc. (NASDAQ:Z)

Amalgamated Bank lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,373 shares of the financial services provider’s stock after selling 307 shares during the quarter. Amalgamated Bank’s holdings in Zillow Group were worth $535,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of Z. Larson Financial Group LLC lifted its stake in shares of Zillow Group by 364.4% in 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% during the 3rd 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 last quarter. Finally, Quarry LP bought a new stake in shares of Zillow Group during the 2nd quarter worth approximately $61,000. 71.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. This represents a 4.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 78.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,069 shares of company stock valued at $9,569,415. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Down 1.7 %

Shares of Z stock opened at $73.04 on Friday. The stock’s fifty day moving average price is $63.61 and its 200 day moving average price is $53.12. Zillow Group, Inc. has a 1-year low of $37.63 and a 1-year high of $76.69. 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 company has a market cap of $16.90 billion, a price-to-earnings ratio of -128.14 and a beta of 1.95.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Jefferies Financial Group lifted their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their target price on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.33.

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.