Everence Capital Management Inc. Acquires New Holdings in Zillow Group, Inc. (NASDAQ:Z)

Everence Capital Management Inc. bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,770 shares of the financial services provider’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of Zillow Group by 13.2% during the second quarter. CIBC Asset Management Inc now owns 5,758 shares of the financial services provider’s stock worth $267,000 after buying an additional 673 shares during the period. Rhumbline Advisers grew its stake in shares of Zillow Group by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 185,696 shares of the financial services provider’s stock worth $8,614,000 after acquiring an additional 5,427 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Zillow Group by 10.7% in the second quarter. TD Asset Management Inc now owns 14,420 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Zillow Group by 1.7% during the second quarter. Arizona State Retirement System now owns 43,203 shares of the financial services provider’s stock worth $2,004,000 after purchasing an additional 708 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Up 2.1 %

Z stock opened at $74.64 on Monday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.88. The business’s 50 day simple moving average is $75.60 and its 200 day simple moving average is $62.17. 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 market capitalization of $17.43 billion, a PE ratio of -130.95 and a beta of 2.02.

Wall Street Analyst Weigh In

Several brokerages have issued reports on Z. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price target on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Bank of America increased their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Insiders Place Their Bets

In other news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock valued at $10,395,879 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

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.