Healthcare of Ontario Pension Plan Trust Fund Invests $38.31 Million in Zillow Group, Inc. (NASDAQ:Z)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 600,000 shares of the financial services provider’s stock, valued at approximately $38,310,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.26% of Zillow Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC bought a new stake in Zillow Group in the 3rd quarter valued at about $35,000. Larson Financial Group LLC boosted its holdings in Zillow Group by 364.4% in the 2nd 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 period. Blue Trust Inc. boosted its holdings in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Zillow Group in the 3rd quarter valued at about $74,000. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the subject of several analyst reports. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group boosted their target price 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. Bank of America boosted their target price 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. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Price Performance

NASDAQ:Z opened at $85.45 on Thursday. The firm’s fifty day moving average is $66.69 and its 200-day moving average is $55.09. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.37.

Insider Buying and Selling

In other news, Director Erik C. Blachford sold 1,413 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total value of $77,531.31. Following the completion of the sale, the director now owns 35,403 shares in the company, valued at $1,942,562.61. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 3,484 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the sale, the insider now owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. This represents a 13.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,439 shares of company stock valued at $11,576,823 over the last ninety days. 23.76% of the stock is owned by corporate insiders.

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.