2,848 Shares in Zillow Group, Inc. (NASDAQ:Z) Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,848 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Zillow Group during the 3rd quarter worth $35,000. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Zillow Group in the third quarter valued at about $74,000. Finally, Quarry LP acquired a new position in shares of Zillow Group in the second quarter valued at about $61,000. 71.01% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the sale, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,689 shares of company stock worth $10,395,879 in the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on Z. Jefferies Financial Group raised their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Bank of America increased their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Stock Up 1.3 %

Shares of NASDAQ Z opened at $79.09 on Thursday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company’s 50 day moving average price is $77.96 and its 200-day moving average price is $64.60. The company has a market capitalization of $18.47 billion, a P/E ratio of -138.75, a price-to-earnings-growth ratio of 13.33 and a beta of 2.02.

Zillow Group 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.