21,451 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in Zillow Group, Inc. (NASDAQ:Z) during the third quarter, Holdings Channel.com reports. The firm purchased 21,451 shares of the financial services provider’s stock, valued at approximately $1,370,000.

A number of other institutional investors have also recently bought and sold shares of the stock. abrdn plc boosted its position in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. Prudential PLC acquired a new stake in shares of Zillow Group during the 2nd quarter valued at about $474,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Zillow Group by 32.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after buying an additional 20,729 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Zillow Group by 14.6% during the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after buying an additional 606 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Zillow Group by 41.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider’s stock valued at $1,627,000 after buying an additional 10,260 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity

In other news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now directly owns 2,826 shares in the company, valued at $172,696.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,237 shares of company stock worth $2,914,414. Company insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on Z. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Four 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Stock Performance

Z opened at $74.67 on Thursday. The stock has a market cap of $17.28 billion, a PE ratio of -131.00 and a beta of 1.95. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $37.36 and a 1 year high of $76.69. The stock’s 50 day simple moving average is $62.81 and its 200-day simple moving average is $52.69.

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.