200,000 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the financial services provider’s stock, valued at approximately $13,096,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $128,000. Public Sector Pension Investment Board grew its position in Zillow Group by 30.0% in the third quarter. Public Sector Pension Investment Board now owns 20,508 shares of the financial services provider’s stock worth $1,309,000 after acquiring an additional 4,730 shares during the period. FORA Capital LLC acquired a new stake in Zillow Group during the third quarter worth $272,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zillow Group in the third quarter valued at $38,310,000. Finally, Bridgewater Associates LP lifted its stake in shares of Zillow Group by 428.2% in the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Z has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America upped their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Insiders Place Their Bets

In other news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The trade was a 78.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares in the company, valued at $5,154,026. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,439 shares of company stock worth $11,576,823 in the last quarter. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Performance

Zillow Group stock opened at $84.71 on Monday. The stock’s fifty day simple moving average is $67.80 and its 200-day simple moving average is $55.88. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.