Groupama Asset Managment Takes Position in Zillow Group, Inc. (NASDAQ:Z)

Groupama Asset Managment purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,300,000 shares of the financial services provider’s stock, valued at approximately $83,005,000. Zillow Group makes up about 1.6% of Groupama Asset Managment’s investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of Z. Larson Financial Group LLC grew its stake in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Zillow Group in the 3rd quarter valued at $35,000. Blue Trust Inc. grew its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the last quarter. Finally, Quarry LP acquired a new position in Zillow Group in the 2nd quarter valued at $61,000. Institutional investors own 71.01% of the company’s stock.

Insider Activity

In related news, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 3,484 shares of Zillow Group stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the transaction, the insider now directly owns 22,464 shares of the company’s stock, valued at $1,217,099.52. This represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,591 shares of company stock worth $11,892,886. Corporate insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $82.22 on Monday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $69.47 and its 200-day simple moving average is $57.35. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88.

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.