Boothbay Fund Management LLC Takes Position in Zillow Group, Inc. (Z)

Boothbay Fund Management LLC acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,948 shares of the financial services provider’s stock, valued at approximately $3,054,000.

Several other large investors also recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd raised its holdings in Zillow Group by 4.6% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 27,970,511 shares of the financial services provider’s stock valued at $1,124,694,000 after buying an additional 1,229,407 shares during the period. Vanguard Group Inc. increased its stake in Zillow Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock worth $414,114,000 after purchasing an additional 179,802 shares during the period. Baillie Gifford & Co. increased its stake in Zillow Group by 1.1% in the third quarter. Baillie Gifford & Co. now owns 3,977,907 shares of the financial services provider’s stock worth $159,951,000 after purchasing an additional 44,418 shares during the period. Tybourne Capital Management HK Ltd. increased its stake in Zillow Group by 53.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock worth $175,220,000 after purchasing an additional 1,246,189 shares during the period. Finally, Zevenbergen Capital Investments LLC increased its stake in Zillow Group by 3.9% in the third quarter. Zevenbergen Capital Investments LLC now owns 1,982,225 shares of the financial services provider’s stock worth $79,705,000 after purchasing an additional 74,090 shares during the period. Institutional investors own 58.05% of the company’s stock.

Shares of Zillow Group, Inc. (NASDAQ Z) opened at $40.81 on Thursday. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a 12 month low of $32.56 and a 12 month high of $51.23.

In other Zillow Group news, insider Greg M. Schwartz sold 3,750 shares of Zillow Group stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $41.42, for a total value of $155,325.00. Following the sale, the insider now owns 3,750 shares in the company, valued at $155,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of Zillow Group stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $41.04, for a total value of $558,144.00. Following the completion of the sale, the insider now owns 4,416,408 shares in the company, valued at approximately $181,249,384.32. The disclosure for this sale can be found here. Insiders have sold 536,094 shares of company stock worth $21,565,055 in the last three months. 21.72% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on Z shares. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a research report on Thursday, October 5th. Finally, Canaccord Genuity raised their price objective on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.44.

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About Zillow Group

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 people 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.

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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