44,700 Shares in Zillow Group, Inc. (NASDAQ:Z) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new position in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, Holdings Channel reports. The fund purchased 44,700 shares of the financial services provider’s stock, valued at approximately $2,854,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Zillow Group during the third quarter worth approximately $35,000. Larson Financial Group LLC boosted its holdings in Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. Blue Trust Inc. increased its stake in Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Zillow Group during the third quarter worth approximately $74,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on Z. Needham & Company LLC restated 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 report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America raised their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Insider Buying and Selling

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The trade was a 78.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,591 shares of company stock valued at $11,892,886 over the last three months. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Down 1.4 %

Zillow Group stock opened at $81.30 on Friday. The stock has a 50 day moving average of $69.13 and a two-hundred day moving average of $56.87. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.