Cinctive Capital Management LP Purchases 8,001 Shares of Zillow Group, Inc. (NASDAQ:Z)

Cinctive Capital Management LP raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,001 shares of the financial services provider’s stock after buying an additional 8,001 shares during the quarter. Cinctive Capital Management LP’s holdings in Zillow Group were worth $1,916,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in Zillow Group during the third quarter valued at approximately $13,096,000. Northwest & Ethical Investments L.P. bought a new position in Zillow Group during the 3rd quarter valued at about $128,000. Public Sector Pension Investment Board lifted its stake in Zillow Group by 30.0% in the third quarter. Public Sector Pension Investment Board now owns 20,508 shares of the financial services provider’s stock worth $1,309,000 after purchasing an additional 4,730 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Zillow Group during the third quarter valued at approximately $272,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Zillow Group during the third quarter valued at approximately $38,310,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Bank of America lifted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Morgan Stanley boosted their price target on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Insider Transactions at Zillow Group

In other news, CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now directly owns 92 shares of the company’s stock, valued at $6,659.88. This represents a 99.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the transaction, the insider now owns 22,464 shares of the company’s stock, valued at $1,217,099.52. This represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,591 shares of company stock worth $11,892,886. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Up 0.3 %

Zillow Group stock opened at $83.97 on Wednesday. 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 stock has a 50-day moving average of $68.49 and a two-hundred day moving average of $56.51. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $86.88.

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.