Nordea Investment Management AB Has $887,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Nordea Investment Management AB grew its position in Zillow Group, Inc. (NASDAQ:Z) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,833 shares of the financial services provider’s stock after purchasing an additional 1,112 shares during the period. Nordea Investment Management AB’s holdings in Zillow Group were worth $887,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Zillow Group by 2.4% during the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 166 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after acquiring an additional 198 shares during the period. Doliver Advisors LP raised its holdings in shares of 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 period. Blue Trust Inc. raised its holdings in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Zillow Group by 5.5% during the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 318 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $71.23 on Monday. The firm has a 50 day moving average of $76.88 and a 200-day moving average of $62.93. The stock has a market capitalization of $16.64 billion, a PE ratio of -124.96 and a beta of 2.02. 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 $86.88.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on Z shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. 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 report on Friday, October 18th. Wedbush raised shares of 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. Finally, Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Four equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.33.

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.