Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in Zillow Group, Inc. (NASDAQ:Z) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 466,834 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the period. Swiss National Bank owned 0.20% of Zillow Group worth $29,807,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in Z. Brighton Jones LLC increased its holdings in shares of Zillow Group by 2.4% during the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors grew its position in Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 198 shares during the period. Doliver Advisors LP increased its stake in Zillow Group by 3.3% during the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 310 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America upped their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $80.00 in a research report on Monday, September 16th. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four equities research 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. Based on data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Insider Buying and Selling

In related news, insider Susan Daimler sold 3,484 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12. Following the transaction, the insider now directly owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. The trade was a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 7,155 shares of the business’s stock in a transaction that occurred on 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. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,419 shares of company stock valued at $9,369,723 over the last quarter. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Up 3.5 %

Z opened at $77.88 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 12 month low of $37.63 and a 12 month high of $78.33. The stock’s 50 day moving average price is $64.82 and its 200 day moving average price is $53.85. The stock has a market cap of $18.19 billion, a P/E ratio of -136.63 and a beta of 1.95.

Zillow Group Company 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.