Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Avory & Company LLC

Avory & Company LLC reduced its stake in Zillow Group, Inc. (NASDAQ:ZFree Report) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,449 shares of the financial services provider’s stock after selling 29,747 shares during the period. Zillow Group makes up about 7.7% of Avory & Company LLC’s holdings, making the stock its 7th largest holding. Avory & Company LLC owned about 0.08% of Zillow Group worth $9,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of Z. Commerce Bank raised its holdings in Zillow Group by 2.8% during the second quarter. Commerce Bank now owns 6,899 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 185 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Zillow Group by 27.4% during the 1st quarter. Belpointe Asset Management LLC now owns 1,144 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 246 shares during the last quarter. Jacob Asset Management of New York LLC grew its stake in shares of Zillow Group by 0.5% in the 2nd quarter. Jacob Asset Management of New York LLC now owns 53,000 shares of the financial services provider’s stock valued at $2,664,000 after purchasing an additional 281 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Zillow Group by 3.2% in the third quarter. Daiwa Securities Group Inc. now owns 9,236 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 290 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Zillow Group by 24.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,496 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 71.17% of the company’s stock.

Zillow Group Stock Down 3.5 %

NASDAQ Z traded down $1.99 on Monday, hitting $55.66. 839,491 shares of the stock traded hands, compared to its average volume of 3,023,026. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $13.00 billion, a P/E ratio of -86.04 and a beta of 1.81. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $59.86. The stock has a 50-day moving average of $53.12 and a 200 day moving average of $48.79.

Analysts Set New Price Targets

A number of research firms have recently weighed in on Z. JPMorgan Chase & Co. upped their price target on shares of Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Morgan Stanley lowered their target price on Zillow Group from $55.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.50.

Read Our Latest Report on Zillow Group

Insider Activity at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 2,222 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $45.19, for a total transaction of $100,412.18. Following the transaction, the chief accounting officer now owns 63,736 shares of the company’s stock, valued at approximately $2,880,229.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Zillow Group news, Director Erik C. Blachford sold 21,855 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $37.55, for a total value of $820,655.25. Following the transaction, the director now directly owns 27,164 shares of the company’s stock, valued at approximately $1,020,008.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 2,222 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $45.19, for a total value of $100,412.18. Following the completion of the transaction, the chief accounting officer now owns 63,736 shares in the company, valued at approximately $2,880,229.84. The disclosure for this sale can be found here. Insiders have sold a total of 72,923 shares of company stock worth $2,899,105 in the last three months. 15.30% of the stock is owned by company insiders.

Zillow Group Profile

(Free Report)

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.

Further Reading

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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