Quantinno Capital Management LP Has $910,000 Holdings in Zillow Group, Inc. (NASDAQ:Z)

Quantinno Capital Management LP raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 130.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,245 shares of the financial services provider’s stock after buying an additional 8,070 shares during the period. Quantinno Capital Management LP’s holdings in Zillow Group were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Zillow Group by 12.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,093 shares of the financial services provider’s stock valued at $283,000 after buying an additional 666 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Zillow Group by 13.7% in the second quarter. Arkadios Wealth Advisors now owns 41,232 shares of the financial services provider’s stock worth $1,913,000 after acquiring an additional 4,984 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Zillow Group during the second quarter worth approximately $138,000. nVerses Capital LLC grew its stake in shares of Zillow Group by 844.4% during the second quarter. nVerses Capital LLC now owns 8,500 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 7,600 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Zillow Group by 13.2% in the second quarter. CIBC Asset Management Inc now owns 5,758 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 673 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In related news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now directly owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the transaction, the chief technology officer now directly owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,140 shares of company stock valued at $11,955,195 over the last three months. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Morgan Stanley lifted their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Bank of America lifted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group increased their price objective 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. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Stock Down 0.5 %

Shares of NASDAQ Z opened at $79.93 on Friday. The firm has a 50 day moving average price of $71.22 and a 200 day moving average price of $58.55. 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 stock has a market cap of $18.67 billion, a P/E ratio of -140.23 and a beta of 2.01. 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.