B. Metzler seel. Sohn & Co. Holding AG Makes New $234,000 Investment in Zillow Group, Inc. (NASDAQ:Z)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,671 shares of the financial services provider’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently modified their holdings of Z. Dorsal Capital Management LP increased its holdings 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 worth $143,809,000 after buying an additional 1,160,000 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in 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 worth $40,115,000 after purchasing an additional 609,575 shares during the last quarter. International Assets Investment Management LLC boosted its position in Zillow Group by 8,162.8% in the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock worth $15,732,000 after purchasing an additional 243,415 shares during the last quarter. Swedbank AB purchased a new position in Zillow Group in the first quarter worth about $9,103,000. Finally, Hillman Co. purchased a new position in Zillow Group in the third quarter worth about $11,825,000. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on Z. Bank of America raised 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. Morgan Stanley lifted their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Stock Up 0.7 %

NASDAQ 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 12 month low of $38.45 and a 12 month high of $86.37. The stock’s 50 day moving average is $65.81 and its 200 day moving average is $54.50. The stock has a market cap of $19.70 billion, a PE ratio of -147.96 and a beta of 1.95.

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 transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the transaction, the chief technology officer now directly owns 92 shares in the company, valued at approximately $6,659.88. This represents a 99.84 % decrease in their position. 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 in the last quarter. 23.76% of the stock is currently owned by insiders.

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.