HighTower Advisors LLC Lowers Holdings in Zillow Group, Inc. (NASDAQ:Z)

HighTower Advisors LLC reduced its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,278 shares of the financial services provider’s stock after selling 2,237 shares during the period. HighTower Advisors LLC’s holdings in Zillow Group were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in Z. Larson Financial Group LLC boosted 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 buying an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in 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 acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Zillow Group in the third quarter worth approximately $35,000. Blue Trust Inc. grew its holdings in 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 in the last quarter. Finally, Quarry LP purchased a new stake in shares of Zillow Group in the 2nd quarter valued at approximately $61,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on Z. Morgan Stanley increased 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. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Bank of America boosted their price objective 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. Jefferies Financial Group increased their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Stock Performance

NASDAQ Z opened at $80.77 on Wednesday. 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 business’s 50 day moving average is $71.64 and its two-hundred day moving average is $59.11. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of -141.70 and a beta of 2.01. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $86.88.

Insider Activity at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock worth $10,395,879 over the last 90 days. Company insiders own 23.76% of the company’s stock.

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.