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

Commerce Bank cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,475 shares of the financial services provider’s stock after selling 309 shares during the period. Commerce Bank’s holdings in Zillow Group were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings 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 worth $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors raised 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 boosted its stake in shares of Zillow Group by 3.3% during the 3rd 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 last quarter. Blue Trust Inc. grew its position in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 318 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the sale, the chief operating officer now owns 88,130 shares in the company, valued at $6,618,563. This trade represents a 10.19 % 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 Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the transaction, the insider now owns 22,739 shares in the company, valued at approximately $1,672,908.23. The trade was a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,264 shares of company stock valued at $10,964,365. Company insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

NASDAQ:Z opened at $84.85 on Wednesday. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of -148.86 and a beta of 1.95. 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 business has a 50 day simple moving average of $66.24 and a 200-day simple moving average of $54.79. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.37.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Bank of America boosted their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Four equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.33.

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.