International Assets Investment Management LLC Acquires 243,415 Shares of Zillow Group, Inc. (NASDAQ:Z)

International Assets Investment Management LLC grew its holdings in Zillow Group, Inc. (NASDAQ:Z) by 8,162.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,397 shares of the financial services provider’s stock after acquiring an additional 243,415 shares during the quarter. International Assets Investment Management LLC owned 0.10% of Zillow Group worth $15,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. 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. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Zillow Group by 400.0% in 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 Zillow Group in the third quarter worth $35,000. Fidelis Capital Partners LLC bought a new position in Zillow Group in the first quarter worth $37,000. Finally, Blue Trust Inc. lifted its position in Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the period. 71.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on Z shares. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Morgan Stanley lifted their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Price Performance

Shares of Z stock opened at $58.32 on Wednesday. The stock has a 50-day moving average price of $60.35 and a 200 day moving average price of $50.92. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of -84.52 and a beta of 1.95. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $68.73.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The company had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Insider Transactions at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Zillow Group news, General Counsel Bradley D. Owens sold 752 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the sale, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,999 shares of company stock worth $11,780,363. 23.76% of the stock is currently owned by company insiders.

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.