Dynamic Technology Lab Private Ltd Has $2.08 Million Stake in Zillow Group Inc (Z)

Dynamic Technology Lab Private Ltd reduced its stake in Zillow Group Inc (NASDAQ:Z) by 37.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,955 shares of the financial services provider’s stock after selling 28,377 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Zillow Group were worth $2,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. United Services Automobile Association lifted its position in Zillow Group by 7.3% in the 2nd quarter. United Services Automobile Association now owns 18,244 shares of the financial services provider’s stock valued at $1,077,000 after acquiring an additional 1,248 shares in the last quarter. Willingdon Wealth Management lifted its position in Zillow Group by 3.2% in the 3rd quarter. Willingdon Wealth Management now owns 46,007 shares of the financial services provider’s stock valued at $2,036,000 after acquiring an additional 1,431 shares in the last quarter. CIBC Asset Management Inc lifted its position in Zillow Group by 21.8% in the 3rd quarter. CIBC Asset Management Inc now owns 8,257 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 1,478 shares in the last quarter. Bank of Montreal Can lifted its position in Zillow Group by 2.6% in the 3rd quarter. Bank of Montreal Can now owns 69,537 shares of the financial services provider’s stock valued at $3,077,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Strs Ohio lifted its position in Zillow Group by 33.2% in the 3rd quarter. Strs Ohio now owns 7,161 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 1,786 shares in the last quarter. 56.68% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jay C. Hoag acquired 650,000 shares of Zillow Group stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average cost of $29.09 per share, for a total transaction of $18,908,500.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Spencer M. Rascoff sold 57,518 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $46.95, for a total value of $2,700,470.10. Following the completion of the sale, the chief executive officer now owns 68,200 shares of the company’s stock, valued at $3,201,990. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,179,897 shares of company stock valued at $67,096,564 and sold 97,877 shares valued at $4,388,144. Corporate insiders own 21.72% of the company’s stock.

NASDAQ:Z opened at $37.02 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72. Zillow Group Inc has a one year low of $26.38 and a one year high of $65.70.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). The company had revenue of $343.09 million during the quarter. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%.

A number of brokerages have weighed in on Z. Susquehanna Bancshares reiterated a “negative” rating and set a $23.00 target price on shares of Zillow Group in a research note on Wednesday, November 7th. BidaskClub lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Craig Hallum upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $50.00 in a research note on Thursday, November 29th. Finally, Zelman & Associates began coverage on shares of Zillow Group in a research note on Friday, November 2nd. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $48.75.

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Zillow Group Company 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 consumers 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.

Read More: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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