Connor Clark & Lunn Investment Management Ltd. Sells 469,006 Shares of Zillow Group, Inc. (NASDAQ:Z)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 89.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,591 shares of the financial services provider’s stock after selling 469,006 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Zillow Group were worth $3,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in Z. Brighton Jones LLC increased its stake in Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 166 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Zillow Group by 0.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 198 shares during the period. Doliver Advisors LP lifted its holdings in Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after buying an additional 310 shares during the period. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in 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 buying an additional 318 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Price Performance

NASDAQ Z opened at $83.77 on Monday. The company has a market capitalization of $19.57 billion, a PE ratio of -146.96 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The business’s fifty day moving average is $65.81 and its 200 day moving average is $54.50. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $84.75.

Analyst Upgrades and Downgrades

Several research firms have weighed in on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Morgan Stanley increased their target price on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Insider Buying and Selling at Zillow Group

In other news, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now directly owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the completion of the sale, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 160,419 shares of company stock valued at $11,371,413 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

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.