Amalgamated Bank Reduces Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Amalgamated Bank cut its stake in Zillow Group, Inc. (NASDAQ:Z) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,373 shares of the financial services provider’s stock after selling 307 shares during the period. Amalgamated Bank’s holdings in Zillow Group were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in shares of Zillow Group by 2.4% in the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 166 shares in the last quarter. Arkadios Wealth Advisors grew its position in Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after acquiring an additional 198 shares during the period. Doliver Advisors LP grew its position in Zillow Group by 3.3% in the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 310 shares during the period. Blue Trust Inc. grew 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 acquiring an additional 313 shares during the period. Finally, Flynn Zito Capital Management LLC grew its position in Zillow Group by 7.2% in the second quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 325 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Z has been the subject of several analyst reports. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Morgan Stanley increased their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Bank of America raised their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Four research 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. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Trading Down 1.7 %

Z opened at $73.04 on Friday. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69. The business has a fifty day simple moving average of $63.61 and a 200-day simple moving average of $53.12. The firm has a market cap of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 3,650 shares of Zillow Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $54.71, for a total value of $199,691.50. Following the completion of the transaction, the chief accounting officer now directly owns 72,836 shares in the company, valued at approximately $3,984,857.56. This trade represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $73.03, for a total value of $134,813.38. Following the completion of the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at approximately $2,183,085.79. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,069 shares of company stock worth $9,569,415 over the last ninety days. Company insiders own 23.76% of the company’s stock.

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.