Integrated Wealth Concepts LLC Purchases Shares of 3,761 Zillow Group, Inc. (NASDAQ:Z)

Integrated Wealth Concepts LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:Z) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,761 shares of the financial services provider’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Management Corp of Ontario bought a new stake in shares of Zillow Group in the third quarter worth $337,000. Janus Henderson Group PLC lifted its position in Zillow Group by 66.6% during the 3rd quarter. Janus Henderson Group PLC now owns 14,260 shares of the financial services provider’s stock worth $910,000 after buying an additional 5,700 shares in the last quarter. Cinctive Capital Management LP boosted its stake in shares of Zillow Group by 36.4% during the 3rd quarter. Cinctive Capital Management LP now owns 30,001 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 8,001 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Zillow Group in the 3rd quarter valued at about $13,096,000. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Zillow Group in the 3rd quarter valued at about $128,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

Shares of Z opened at $79.93 on Friday. The company’s 50-day moving average is $71.22 and its 200-day moving average is $58.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market capitalization of $18.67 billion, a PE ratio of -140.23 and a beta of 2.01. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.88.

Analyst Ratings Changes

Z has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley lifted 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. Four 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.33.

Insider Activity at Zillow Group

In other news, Director Thielke Claire Cormier sold 2,826 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the sale, the director now owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares in the company, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,140 shares of company stock worth $11,955,195. Insiders own 23.76% of the company’s stock.

Zillow Group Company 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.