6,715 Shares in Zillow Group, Inc. (NASDAQ:Z) Acquired by Western Financial Corp CA

Western Financial Corp CA purchased a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 6,715 shares of the financial services provider’s stock, valued at approximately $497,000.

A number of other large investors also recently made changes to their positions in the business. FMR LLC grew its position 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 valued at $325,337,000 after purchasing an additional 3,272,118 shares during the period. Groupama Asset Managment acquired a new stake in Zillow Group in the 3rd quarter worth about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zillow Group in the 3rd quarter valued at about $38,310,000. Bridgewater Associates LP increased its stake in shares of Zillow Group by 428.2% during the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock worth $29,807,000 after acquiring an additional 3,300 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 2.0 %

NASDAQ Z opened at $82.22 on Friday. The company’s fifty day simple moving average is $78.64 and its 200-day simple moving average is $66.11. The stock has a market cap of $19.20 billion, a P/E ratio of -144.25, a PEG ratio of 11.21 and a beta of 2.02. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares in the company, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock worth $12,520,379 in the last quarter. 23.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Z has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America increased 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. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group 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.