Qsemble Capital Management LP Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

Qsemble Capital Management LP bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,220 shares of the financial services provider’s stock, valued at approximately $1,419,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd lifted its position in shares of Zillow Group by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,100 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Zillow Group by 13.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 60,256 shares of the financial services provider’s stock valued at $2,942,000 after purchasing an additional 6,977 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Zillow Group by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock worth $4,355,000 after purchasing an additional 4,830 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Zillow Group during the 1st quarter worth about $393,000. Finally, Plato Investment Management Ltd boosted its holdings in Zillow Group by 1,336.8% in the 1st quarter. Plato Investment Management Ltd now owns 10,345 shares of the financial services provider’s stock worth $505,000 after buying an additional 9,625 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Z opened at $84.34 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $86.37. The business’s 50-day simple moving average is $65.81 and its 200-day simple moving average is $54.50.

Insiders Place Their Bets

In other news, COO Jun Choo sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the transaction, the chief operating officer now owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Daimler sold 3,484 shares of Zillow Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the transaction, the insider now owns 22,464 shares in the company, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 160,419 shares of company stock valued at $11,371,413 over the last quarter. Company insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on Z. Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Wedbush raised 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 report on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Craig Hallum raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.33.

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.