TB Alternative Assets Ltd. Sells 45,948 Shares of Zillow Group, Inc. (NASDAQ:Z)

TB Alternative Assets Ltd. lessened its position in Zillow Group, Inc. (NASDAQ:Z) by 10.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 383,242 shares of the financial services provider’s stock after selling 45,948 shares during the period. Zillow Group makes up 7.3% of TB Alternative Assets Ltd.’s holdings, making the stock its 3rd largest position. TB Alternative Assets Ltd.’s holdings in Zillow Group were worth $28,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of Z. abrdn plc increased its holdings in shares of Zillow Group by 98.0% in the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after buying an additional 24,247 shares in the last quarter. IVY Lane Capital Management LLC grew its holdings in shares of Zillow Group by 35.0% in the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Zillow Group during the third quarter worth $6,267,000. Friedenthal Financial purchased a new stake in shares of Zillow Group during the fourth quarter valued at $754,000. Finally, Entropy Technologies LP acquired a new position in shares of Zillow Group in the 3rd quarter valued at $1,370,000. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America boosted their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the completion of the sale, the chief operating officer now directly owns 88,130 shares in the company, valued at $6,618,563. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now owns 18,770 shares in the company, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock valued at $10,395,879 in the last quarter. Company insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of Z opened at $77.86 on Tuesday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average price is $77.79 and its 200 day moving average price is $64.28. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88.

About Zillow Group

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.