Benjamin F. Edwards & Company Inc. Acquires Shares of 1,400 Zillow Group Inc (Z)

Benjamin F. Edwards & Company Inc. acquired a new position in Zillow Group Inc (NASDAQ:Z) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,400 shares of the financial services provider’s stock, valued at approximately $44,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in Zillow Group by 4.5% in the third quarter. Baillie Gifford & Co. now owns 10,374,923 shares of the financial services provider’s stock valued at $459,090,000 after buying an additional 447,301 shares during the last quarter. Vanguard Group Inc lifted its stake in Zillow Group by 4.2% in the third quarter. Vanguard Group Inc now owns 9,614,442 shares of the financial services provider’s stock valued at $425,438,000 after buying an additional 386,768 shares during the last quarter. Global Thematic Partners LLC lifted its stake in Zillow Group by 31.7% in the fourth quarter. Global Thematic Partners LLC now owns 2,073,767 shares of the financial services provider’s stock valued at $65,490,000 after buying an additional 499,425 shares during the last quarter. Valiant Capital Management L.P. lifted its stake in Zillow Group by 33.4% in the third quarter. Valiant Capital Management L.P. now owns 1,561,014 shares of the financial services provider’s stock valued at $69,075,000 after buying an additional 390,958 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Zillow Group by 225.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,135,501 shares of the financial services provider’s stock valued at $50,246,000 after buying an additional 787,071 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on Z shares. Needham & Company LLC started coverage on shares of Zillow Group in a research note on Tuesday, January 8th. They set a “hold” rating and a $30.85 price objective on the stock. Standpoint Research started coverage on shares of Zillow Group in a research note on Monday, November 26th. They set a “buy” rating and a $48.00 price objective on the stock. Craig Hallum upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $50.00 in a research note on Thursday, November 29th. BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Susquehanna Bancshares restated a “negative” rating and set a $23.00 price objective on shares of Zillow Group in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Zillow Group currently has a consensus rating of “Hold” and an average target price of $46.76.

In related news, insider Greg M. Schwartz sold 5,400 shares of Zillow Group stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $31.44, for a total transaction of $169,776.00. Following the transaction, the insider now directly owns 1,800 shares of the company’s stock, valued at $56,592. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag bought 650,000 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average cost of $29.09 per share, for a total transaction of $18,908,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,179,897 shares of company stock worth $67,096,564. Company insiders own 58.08% of the company’s stock.

Shares of NASDAQ Z opened at $35.79 on Thursday. Zillow Group Inc has a fifty-two week low of $26.38 and a fifty-two week high of $65.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 11.72 and a quick ratio of 11.43.

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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 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.

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Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group Inc (NASDAQ:Z).

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

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