Victory Capital Management Inc. Sells 1,321 Shares of Zillow Group, Inc. (NASDAQ:Z)

Victory Capital Management Inc. lowered its position in Zillow Group, Inc. (NASDAQ:Z) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in Z. abrdn plc raised its holdings in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after buying an additional 24,247 shares during the last quarter. Prudential PLC purchased a new stake in Zillow Group in the second quarter worth $474,000. Entropy Technologies LP bought a new position in Zillow Group in the third quarter worth $1,370,000. DekaBank Deutsche Girozentrale lifted its position in Zillow Group by 41.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider’s stock valued at $1,627,000 after buying an additional 10,260 shares during the period. Finally, Hillman Co. bought a new stake in shares of Zillow Group during the 3rd quarter valued at $11,825,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Morgan Stanley increased 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. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Craig Hallum raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four equities research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Up 0.7 %

Shares of Zillow Group stock opened at $84.34 on Tuesday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.37. The firm’s 50 day moving average price is $65.81 and its 200-day moving average price is $54.50. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market cap of $19.70 billion, a P/E ratio of -147.96 and a beta of 1.95.

Insider Buying and Selling at Zillow Group

In related news, Director Thielke Claire Cormier sold 2,826 shares of the company’s 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 transaction, the director now directly owns 2,826 shares of the company’s stock, valued at $172,696.86. This represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction dated Tuesday, November 19th. The stock was 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 represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,419 shares of company stock worth $11,371,413. 23.76% of the stock is owned by insiders.

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.