Zillow Group, Inc. (NASDAQ:Z) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 98.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,362 shares of the financial services provider’s stock after selling 243,035 shares during the period. International Assets Investment Management LLC’s holdings in Zillow Group were worth $246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new position in Zillow Group during the third quarter worth approximately $35,000. Blue Trust Inc. raised its stake in 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 purchasing an additional 313 shares during the period. Brooklyn Investment Group purchased a new position in Zillow Group during the third quarter worth approximately $74,000. Finally, Quarry LP purchased a new position in Zillow Group during the second quarter worth approximately $61,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group 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 $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock valued at $10,395,879 in the last quarter. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Finally, Bank of America raised their price target on shares of 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Stock Down 0.6 %

Zillow Group stock opened at $70.83 on Tuesday. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of -124.26 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. The company’s 50-day moving average price is $76.88 and its two-hundred day moving average price is $63.05. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week 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.