Everence Capital Management Inc. Buys New Stake in Zillow Group, Inc. (NASDAQ:Z)

Everence Capital Management Inc. bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,770 shares of the financial services provider’s stock, valued at approximately $427,000.

A number of other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position 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 worth $28,000 after acquiring an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake 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 purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Zillow Group during the third quarter worth $35,000. Blue Trust Inc. increased its holdings in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the period. Finally, Quarry LP acquired a new position in shares of Zillow Group in the 2nd quarter valued at $61,000. 71.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Susan Daimler sold 3,694 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Bank of America upped their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Morgan Stanley lifted 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 issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $74.64 on Monday. The business has a fifty day moving average of $75.60 and a 200-day moving average of $62.17. 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 twelve month low of $38.45 and a twelve month high of $86.88. The firm has a market cap of $17.43 billion, a PE ratio of -130.95 and a beta of 2.02.

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.