CIBC Asset Management Inc Purchases 318 Shares of Zillow Group, Inc. (NASDAQ:Z)

CIBC Asset Management Inc lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,076 shares of the financial services provider’s stock after buying an additional 318 shares during the period. CIBC Asset Management Inc’s holdings in Zillow Group were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of Z. Brighton Jones LLC grew its holdings in Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after buying an additional 166 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Zillow Group by 0.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after purchasing an additional 198 shares in the last quarter. Doliver Advisors LP increased its stake in shares of Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 310 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 313 shares in the last quarter. Finally, Flynn Zito Capital Management LLC lifted its position in shares of Zillow Group by 7.2% during the 2nd quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock worth $223,000 after buying an additional 325 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Price Performance

Zillow Group stock opened at $82.15 on Friday. The business has a 50-day simple moving average of $64.82 and a 200 day simple moving average of $53.85. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $82.68. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of -144.12 and a beta of 1.95. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the completion of the sale, the insider now owns 22,739 shares of the company’s stock, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Hofmann sold 7,155 shares of Zillow Group stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the transaction, the chief financial officer now owns 111,239 shares in the company, valued at approximately $6,328,386.71. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,419 shares of company stock valued at $11,371,413 in the last quarter. Insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

Z has been the subject of a number of recent analyst reports. Bank of America increased their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Jefferies Financial Group upped their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four 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 company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target 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.