Tidal Investments LLC Sells 1,301 Shares of Zillow Group, Inc. (NASDAQ:Z)

Tidal Investments LLC lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 28.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,250 shares of the financial services provider’s stock after selling 1,301 shares during the quarter. Tidal Investments LLC’s holdings in Zillow Group were worth $208,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Chiron Investment Management LLC bought a new stake in Zillow Group during the 3rd quarter valued at $1,291,000. Synergy Financial Group LTD bought a new stake in shares of Zillow Group during the third quarter worth about $223,000. Groupama Asset Managment bought a new stake in shares of Zillow Group during the third quarter worth about $83,005,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Zillow Group by 15.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 45,760 shares of the financial services provider’s stock worth $2,922,000 after acquiring an additional 6,000 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in Zillow Group by 34.9% in the 3rd quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 3,647 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

Z opened at $77.21 on Thursday. The stock has a market capitalization of $18.03 billion, a P/E ratio of -135.46 and a beta of 2.01. 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, Inc. has a 12-month low of $38.45 and a 12-month high of $86.88. The stock has a 50-day moving average price of $73.43 and a 200-day moving average price of $60.59.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total value of $1,250,690.00. Following the completion of the sale, the insider now directly owns 22,739 shares in the company, valued at $1,672,908.23. This represents a 42.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. Insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on Z. Morgan Stanley increased 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 note on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Bank of America lifted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Four equities 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.33.

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.