Gilder Gagnon Howe & Co. LLC lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 17.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 956,698 shares of the financial services provider’s stock after selling 195,428 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.53% of Zillow Group worth $38,469,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of Z. D.A. Davidson & CO. boosted its holdings in Zillow Group by 2.1% during the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after buying an additional 57 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Zillow Group by 878.9% during the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,830 shares in the last quarter. ETF Managers Group LLC bought a new stake in Zillow Group during the second quarter worth approximately $167,000. Toronto Dominion Bank boosted its holdings in Zillow Group by 246.7% during the third quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after buying an additional 3,143 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in Zillow Group during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 86.13% of the company’s stock.
Zillow Group, Inc. (NASDAQ Z) traded down $0.42 during trading on Tuesday, hitting $39.12. 873,900 shares of the stock were exchanged, compared to its average volume of 1,385,581. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $51.23.
Z has been the subject of a number of recent analyst reports. Canaccord Genuity raised their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Zillow Group in a research note on Thursday, October 5th. BidaskClub raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Deutsche Bank AG raised their price objective on shares of Zillow Group to $50.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.44.
In related news, CEO Spencer M. Rascoff sold 20,940 shares of Zillow Group stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $39.57, for a total value of $828,595.80. Following the transaction, the chief executive officer now owns 6,614 shares in the company, valued at approximately $261,715.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Spencer M. Rascoff sold 20,941 shares of Zillow Group stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.39, for a total transaction of $824,865.99. Following the completion of the transaction, the chief executive officer now owns 6,614 shares in the company, valued at approximately $260,525.46. The disclosure for this sale can be found here. Insiders sold a total of 67,882 shares of company stock worth $2,709,855 in the last quarter. Insiders own 21.72% of the company’s stock.
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Zillow Group Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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