True Vision MN LLC Has $462,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

True Vision MN LLC lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 7.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,237 shares of the financial services provider’s stock after selling 618 shares during the quarter. True Vision MN LLC’s holdings in Zillow Group were worth $462,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of Z. FMR LLC raised its position in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the period. Dorsal Capital Management LP raised its holdings in Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after buying an additional 1,160,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in Zillow Group by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after buying an additional 139,489 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after buying an additional 609,575 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Zillow Group in the third quarter valued at approximately $38,310,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of several recent research reports. Morgan Stanley upped their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America increased their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $0.17 during midday trading on Wednesday, hitting $85.02. 607 shares of the company traded hands, compared to its average volume of 3,743,069. The firm’s fifty day moving average price is $66.69 and its 200-day moving average price is $55.09. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of -148.86 and a beta of 1.95. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the transaction, the chief operating officer now owns 88,130 shares in the company, valued at approximately $6,618,563. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Daimler sold 3,484 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12. Following the sale, the insider now owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,264 shares of company stock worth $10,964,365. 23.76% of the stock is currently owned by insiders.

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.