BNP Paribas Arbitrage SA lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 31.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,974 shares of the financial services provider’s stock after selling 3,652 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Zillow Group were worth $321,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of Z. D.A. Davidson & CO. boosted its stake in shares of Zillow Group by 2.1% during the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 57 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Zillow Group by 878.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 2,830 shares during the last quarter. ETF Managers Group LLC acquired a new stake in shares of Zillow Group during the 2nd quarter worth about $167,000. Virtu KCG Holdings LLC acquired a new stake in shares of Zillow Group during the 2nd quarter worth about $206,000. Finally, Aperio Group LLC acquired a new stake in shares of Zillow Group during the 2nd quarter worth about $218,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.
Shares of Zillow Group, Inc. (NASDAQ Z) opened at $40.85 on Tuesday. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a 12 month low of $32.56 and a 12 month high of $51.23.
In other news, CEO Spencer M. Rascoff sold 141,500 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $39.54, for a total transaction of $5,594,910.00. Following the completion of the transaction, the chief executive officer now owns 73,279 shares of the company’s stock, valued at $2,897,451.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $40.24, for a total transaction of $547,264.00. Following the transaction, the insider now directly owns 4,362,008 shares of the company’s stock, valued at approximately $175,527,201.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 549,694 shares of company stock valued at $22,112,319. 21.72% of the stock is owned by insiders.
Several equities research analysts recently issued reports on Z shares. Canaccord Genuity raised their target price on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BidaskClub cut shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $47.44.
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Zillow Group Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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