Cinctive Capital Management LP Raises Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Cinctive Capital Management LP raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 36.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,001 shares of the financial services provider’s stock after acquiring an additional 8,001 shares during the quarter. Cinctive Capital Management LP’s holdings in Zillow Group were worth $1,916,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. 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 worth $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Dorsal Capital Management LP raised its position in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares during the last quarter. Coronation Fund Managers Ltd. lifted its stake in shares of 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 worth $40,115,000 after buying 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 about $38,310,000. Finally, Bridgewater Associates LP grew its stake in Zillow Group by 428.2% during the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 3,187 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. The trade was a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the sale, the insider now directly owns 22,464 shares in the company, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,591 shares of company stock valued at $11,892,886 over the last 90 days. 23.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group boosted 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Stock Up 0.3 %

NASDAQ Z opened at $83.97 on Wednesday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The stock has a fifty day simple moving average of $68.49 and a 200-day simple moving average of $56.51. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.