True Vision MN LLC Has $550,000 Stock Position in Zillow Group, Inc. (NASDAQ:Z)

True Vision MN LLC lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,423 shares of the financial services provider’s stock after buying an additional 186 shares during the quarter. True Vision MN LLC’s holdings in Zillow Group were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Summit Trail Advisors LLC lifted its holdings in shares of Zillow Group by 3.9% during the fourth quarter. Summit Trail Advisors LLC now owns 9,233 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 348 shares during the period. Savant Capital LLC lifted its holdings in Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after buying an additional 179 shares during the period. Coronation Fund Managers Ltd. grew its position in shares of Zillow Group by 1.8% in the 4th quarter. Coronation Fund Managers Ltd. now owns 224,003 shares of the financial services provider’s stock valued at $16,587,000 after buying an additional 3,909 shares during the last quarter. Entropy Technologies LP increased its stake in shares of Zillow Group by 35.8% in the fourth quarter. Entropy Technologies LP now owns 29,126 shares of the financial services provider’s stock valued at $2,157,000 after buying an additional 7,675 shares during the period. Finally, Fairvoy Private Wealth LLC bought a new position in shares of Zillow Group during the fourth quarter worth about $803,000. 71.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on Z shares. Bank of America increased their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Jefferies Financial Group raised their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Stock Performance

NASDAQ Z opened at $87.97 on Tuesday. The company has a fifty day simple moving average of $78.77 and a 200 day simple moving average of $67.80. 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 12-month low of $38.45 and a 12-month high of $88.76.

Insider Activity

In related news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,689 shares of company stock worth $12,520,379 over the last three months. 23.76% of the stock is currently owned by insiders.

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.