Empowered Funds LLC Trims Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Empowered Funds LLC cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,157 shares of the financial services provider’s stock after selling 247 shares during the period. Empowered Funds LLC’s holdings in Zillow Group were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of Z. Dorsal Capital Management LP increased its position in Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after acquiring an additional 1,160,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after purchasing an additional 139,489 shares during the last quarter. Coronation Fund Managers Ltd. increased its holdings in shares of Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after purchasing an additional 609,575 shares during the period. Garde Capital Inc. raised its stake in shares of Zillow Group by 60.0% during the second quarter. Garde Capital Inc. now owns 310,247 shares of the financial services provider’s stock worth $14,392,000 after purchasing an additional 116,340 shares during the last quarter. Finally, Avory & Company LLC lifted its holdings in shares of Zillow Group by 6.1% during the second quarter. Avory & Company LLC now owns 281,270 shares of the financial services provider’s stock worth $13,048,000 after purchasing an additional 16,142 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,155 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the transaction, the chief financial officer now directly owns 111,239 shares in the company, valued at $6,328,386.71. This represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 160,419 shares of company stock worth $11,371,413. Insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 0.7 %

Shares of Z stock opened at $84.34 on Tuesday. The company has a market capitalization of $19.70 billion, a price-to-earnings ratio of -147.96 and a beta of 1.95. 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 50-day moving average price of $65.81 and a 200 day moving average price of $54.50. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.37.

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.