Centiva Capital LP Lowers Holdings in Zillow Group, Inc. (NASDAQ:Z)

Centiva Capital LP trimmed its stake in Zillow Group, Inc. (NASDAQ:Z) by 55.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,719 shares of the financial services provider’s stock after selling 20,421 shares during the quarter. Centiva Capital LP’s holdings in Zillow Group were worth $1,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of Z. FMR LLC increased 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 valued at $325,337,000 after acquiring an additional 3,272,118 shares in the last quarter. Dorsal Capital Management LP boosted its stake 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 valued at $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Coronation Fund Managers Ltd. increased its holdings in shares of Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Zillow Group in the third quarter worth $38,310,000. Finally, Bridgewater Associates LP lifted its holdings in shares of Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Jefferies Financial Group lifted their price target 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. Morgan Stanley increased their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Bank of America increased their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Stock Down 1.4 %

Z opened at $81.30 on Friday. The firm’s 50 day simple moving average is $69.13 and its two-hundred day simple moving average is $56.87. The company has a market capitalization of $18.99 billion, a PE ratio of -142.63 and a beta of 2.01. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Buying and Selling

In related news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now owns 58,217 shares in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing 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 value of $188,763.12. Following the completion of the sale, the insider now owns 22,464 shares of the company’s stock, valued at $1,217,099.52. The trade was a 13.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,591 shares of company stock valued at $11,892,886. 23.76% of the stock is owned by company 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.