Y Intercept Hong Kong Ltd Has $3.66 Million Stake in Zillow Group, Inc. $Z

Y Intercept Hong Kong Ltd raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 163.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,235 shares of the financial services provider’s stock after buying an additional 32,442 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Zillow Group were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock valued at $31,000 after buying an additional 338 shares during the period. TD Private Client Wealth LLC lifted its stake in Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after buying an additional 352 shares during the period. National Pension Service lifted its stake in Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares during the period. GAMMA Investing LLC raised its position in shares of Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Zillow Group during the first quarter worth about $49,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

NASDAQ:Z opened at $71.52 on Thursday. The company has a market cap of $17.33 billion, a PE ratio of -275.08, a PEG ratio of 25.90 and a beta of 2.13. Zillow Group, Inc. has a 52-week low of $57.51 and a 52-week high of $93.88. The stock has a 50-day simple moving average of $80.15 and a 200 day simple moving average of $74.99.

Analysts Set New Price Targets

Z has been the topic of a number of research analyst reports. Gordon Haskett raised Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Wednesday, September 17th. Mizuho raised Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Bank of America raised their price target on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Oppenheimer initiated coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.43.

Insider Buying and Selling at Zillow Group

In related news, Chairman Richard N. Barton sold 200,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $84.92, for a total transaction of $16,984,000.00. Following the completion of the transaction, the chairman directly owned 843,248 shares in the company, valued at approximately $71,608,620.16. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.91, for a total value of $8,591,000.00. Following the completion of the transaction, the insider owned 68,889 shares of the company’s stock, valued at approximately $5,918,253.99. This represents a 59.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 657,087 shares of company stock valued at $56,286,479 in the last 90 days. 25.03% of the stock is currently owned by corporate insiders.

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.