Tidal Investments LLC Sells 1,301 Shares of Zillow Group, Inc. (NASDAQ:Z)

Tidal Investments LLC trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,250 shares of the financial services provider’s stock after selling 1,301 shares during the quarter. Tidal Investments LLC’s holdings in Zillow Group were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. abrdn plc increased its holdings in shares of Zillow Group by 98.0% in the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after purchasing an additional 24,247 shares during the last quarter. Prudential PLC bought a new stake in Zillow Group in the 2nd quarter worth approximately $474,000. IVY Lane Capital Management LLC raised its holdings in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $6,267,000. Finally, Entropy Technologies LP bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $1,370,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,689 shares of company stock worth $10,395,879. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Zillow Group stock opened at $77.21 on Thursday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.88. The company’s 50-day moving average is $73.43 and its 200 day moving average is $60.59. The firm has a market capitalization of $18.03 billion, a P/E ratio of -135.46 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Jefferies Financial Group lifted their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group 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.