Arlington Partners LLC Sells 16,610 Shares of Zillow Group, Inc. (NASDAQ:Z)

Arlington Partners LLC decreased its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 23.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 54,594 shares of the financial services provider’s stock after selling 16,610 shares during the quarter. Arlington Partners LLC’s holdings in Zillow Group were worth $4,043,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its stake in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the period. Ninety One UK Ltd increased its stake in Zillow Group by 3.2% in the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock valued at $267,895,000 after acquiring an additional 111,231 shares during the period. Groupama Asset Managment bought a new stake in Zillow Group during the third quarter worth about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zillow Group during the third quarter worth about $38,310,000. Finally, Bridgewater Associates LP grew its stake in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after buying an additional 424,615 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on Z shares. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Stock Up 0.4 %

Zillow Group stock opened at $87.32 on Monday. The company’s 50-day moving average is $78.69 and its 200-day moving average is $67.52. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $88.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Insider Buying and Selling

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,689 shares of company stock valued at $12,520,379. Company 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.