Atomi Financial Group Inc. Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

Atomi Financial Group Inc. boosted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,268 shares of the financial services provider’s stock after purchasing an additional 332 shares during the period. Atomi Financial Group Inc.’s holdings in Zillow Group were worth $1,057,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Zillow Group by 179.5% during the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the period. Dorsal Capital Management LP raised its holdings in Zillow Group by 59.8% during 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 acquiring an additional 1,160,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Zillow Group by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after acquiring an additional 139,489 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Zillow Group in the third quarter valued at about $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zillow Group in the third quarter worth about $38,310,000. Institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares in the company, valued at $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock valued at $10,395,879 over the last three months. 23.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on Z shares. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America upped their target price 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 lifted their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Stock Up 1.3 %

Shares of NASDAQ Z opened at $79.09 on Thursday. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of -138.75, a P/E/G ratio of 13.33 and a beta of 2.02. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month 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. The firm’s 50-day moving average price is $77.96 and its 200-day moving average price is $64.60.

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.