MQS Management LLC Invests $214,000 in Zillow Group, Inc. $Z

MQS Management LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,059 shares of the financial services provider’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Zillow Group by 25.1% in the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 159 shares during the period. True Vision MN LLC lifted its stake in shares of Zillow Group by 2.1% in the second quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock worth $544,000 after acquiring an additional 161 shares during the period. Flynn Zito Capital Management LLC lifted its stake in shares of Zillow Group by 4.5% in the first quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 166 shares during the period. Empowered Funds LLC lifted its stake in shares of Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 171 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 196 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 100,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $85.91, for a total transaction of $8,591,000.00. Following the completion of the sale, the insider owned 68,889 shares in the company, valued at approximately $5,918,253.99. This represents a 59.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO David A. Beitel sold 22,510 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $90.97, for a total value of $2,047,734.70. Following the sale, the chief technology officer owned 144,549 shares of the company’s stock, valued at $13,149,622.53. This trade represents a 13.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 657,087 shares of company stock valued at $56,286,479 over the last three months. 23.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Z has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Bank of America lifted their price objective on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Oppenheimer assumed coverage on Zillow Group in a research note on Monday, October 6th. They issued a “market perform” rating on the stock. Mizuho raised Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.43.

Zillow Group Stock Down 1.4%

Shares of NASDAQ:Z opened at $75.72 on Wednesday. Zillow Group, Inc. has a twelve month low of $57.00 and a twelve month high of $93.88. The stock’s 50 day moving average is $80.35 and its 200-day moving average is $74.92. The firm has a market capitalization of $18.34 billion, a price-to-earnings ratio of -291.23, a PEG ratio of 26.25 and a beta of 2.13.

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.