600,000 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 600,000 shares of the financial services provider’s stock, valued at approximately $38,310,000.

Other large investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zillow Group by 400.0% during the third 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 period. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the third quarter valued at approximately $35,000. Larson Financial Group LLC boosted its position in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Blue Trust Inc. boosted its position in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Zillow Group during the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 0.7 %

Shares of NASDAQ Z opened at $85.45 on Thursday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.37. The business’s 50 day moving average price is $66.69 and its 200 day moving average price is $55.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

Z has been the topic of several research reports. 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 boosted 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Insider Transactions at Zillow Group

In related news, 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 transaction, the insider now directly owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. This represents a 13.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,439 shares of company stock valued at $11,576,823 in the last three months. 23.76% of the stock is currently owned by company insiders.

About Zillow Group

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.