Gateway Investment Advisers LLC Has $9.99 Million Holdings in Zillow Group, Inc. (NASDAQ:Z)

Gateway Investment Advisers LLC trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,921 shares of the financial services provider’s stock after selling 3,109 shares during the period. Gateway Investment Advisers LLC’s holdings in Zillow Group were worth $9,991,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of Z. FMR LLC raised its stake in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after acquiring an additional 3,272,118 shares during the last quarter. Groupama Asset Managment acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $83,005,000. Dorsal Capital Management LP raised its position in Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zillow Group during the 3rd quarter worth $38,310,000. Finally, Bridgewater Associates LP boosted its position in Zillow Group by 428.2% in the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after buying an additional 424,615 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Z has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Bank of America boosted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.83.

Zillow Group Stock Performance

Zillow Group stock opened at $76.52 on Friday. The company’s 50 day simple moving average is $77.67 and its 200 day simple moving average is $63.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.88.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Wacksman sold 5,985 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total transaction of $442,650.60. Following the sale, the chief executive officer now owns 161,678 shares in the company, valued at $11,957,704.88. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,689 shares of company stock worth $10,395,879. Company insiders own 23.76% of the company’s stock.

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.