Janus Henderson Group PLC Increases Stake in Zillow Group, Inc. (NASDAQ:Z)

Janus Henderson Group PLC boosted its stake in Zillow Group, Inc. (NASDAQ:Z) by 66.6% in the third quarter, Holdings Channel.com reports. The firm owned 14,260 shares of the financial services provider’s stock after acquiring an additional 5,700 shares during the quarter. Janus Henderson Group PLC’s holdings in Zillow Group were worth $910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cinctive Capital Management LP boosted its holdings in Zillow Group by 36.4% in the third quarter. Cinctive Capital Management LP now owns 30,001 shares of the financial services provider’s stock valued at $1,916,000 after acquiring an additional 8,001 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Zillow Group during the 3rd quarter worth approximately $13,096,000. Northwest & Ethical Investments L.P. purchased a new position in Zillow Group in the third quarter valued at approximately $128,000. Public Sector Pension Investment Board lifted its position in Zillow Group by 30.0% during the third quarter. Public Sector Pension Investment Board now owns 20,508 shares of the financial services provider’s stock valued at $1,309,000 after buying an additional 4,730 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Zillow Group during the third quarter worth approximately $272,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on Z. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price target on 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 upgraded Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Bank of America lifted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,140 shares of company stock worth $11,955,195 in the last ninety days. 23.76% of the stock is owned by insiders.

Zillow Group Stock Down 0.5 %

Z stock opened at $79.93 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $71.22 and a 200-day simple moving average of $58.68. The company has a market capitalization of $18.67 billion, a P/E ratio of -140.23 and a beta of 2.01. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88.

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.