Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in Zillow Group, Inc. (NASDAQ:Z) by 1,309.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,371 shares of the financial services provider’s stock after purchasing an additional 61,663 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Zillow Group were worth $4,915,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Zillow Group during the third quarter worth $35,000. Blue Trust Inc. raised its holdings in shares of Zillow Group by 66.3% in 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 last quarter. Brooklyn Investment Group purchased a new position in Zillow Group in the 3rd quarter valued at about $74,000. Finally, Quarry LP acquired a new stake in Zillow Group during the second quarter worth approximately $61,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 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 $89,663.76. Following the transaction, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. 23.76% of the stock is currently owned by company insiders.

Zillow Group Price Performance

Z stock opened at $77.86 on Tuesday. The firm has a 50-day moving average of $77.79 and a two-hundred day moving average of $64.28. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $86.88. 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 firm has a market capitalization of $18.18 billion, a PE ratio of -136.60, a P/E/G ratio of 13.43 and a beta of 2.02.

Analyst Ratings Changes

Z has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. 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’s stock. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.83.

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.