Aigen Investment Management LP Decreases Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Aigen Investment Management LP trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 35.1% in the 3rd quarter, Holdings Channel reports. The firm owned 11,433 shares of the financial services provider’s stock after selling 6,182 shares during the period. Aigen Investment Management LP’s holdings in Zillow Group were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in Z. Empowered Funds LLC raised its holdings in shares of Zillow Group by 14.6% during the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 606 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Zillow Group during the first quarter valued at approximately $1,539,000. State Board of Administration of Florida Retirement System increased its holdings in Zillow Group by 1.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 171,894 shares of the financial services provider’s stock valued at $7,644,000 after buying an additional 3,001 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Zillow Group by 32.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after buying an additional 20,729 shares during the last quarter. Finally, Mizuho Securities USA LLC purchased a new stake in Zillow Group during the first quarter valued at approximately $205,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 2,308 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.06, for a total transaction of $122,462.48. Following the completion of the transaction, the general counsel now owns 32,951 shares in the company, valued at approximately $1,748,380.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zillow Group news, General Counsel Bradley D. Owens sold 2,308 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.06, for a total transaction of $122,462.48. Following the completion of the transaction, the general counsel now owns 32,951 shares in the company, valued at $1,748,380.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,237 shares of company stock worth $2,914,414. 23.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on Z shares. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Bank of America upped their target price 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. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Jefferies Financial Group upped their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Trading Up 0.4 %

Shares of NASDAQ:Z opened at $74.67 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a fifty day moving average price of $62.81 and a 200 day moving average price of $52.69. Zillow Group, Inc. has a fifty-two week low of $37.36 and a fifty-two week high of $76.69.

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.