Zillow Group Inc (Z) Shares Bought by Xact Kapitalforvaltning AB

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Xact Kapitalforvaltning AB lifted its position in shares of Zillow Group Inc (NASDAQ:Z) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,398 shares of the financial services provider’s stock after buying an additional 5,200 shares during the period. Xact Kapitalforvaltning AB’s holdings in Zillow Group were worth $676,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in Zillow Group during the 4th quarter worth $26,000. Elite Wealth Management Inc. boosted its position in Zillow Group by 1.7% in the 4th quarter. Elite Wealth Management Inc. now owns 48,150 shares of the financial services provider’s stock valued at $1,521,000 after buying an additional 797 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Zillow Group by 14.1% in the 4th quarter. IFM Investors Pty Ltd now owns 6,792 shares of the financial services provider’s stock valued at $214,000 after buying an additional 839 shares during the last quarter. IFP Advisors Inc boosted its position in Zillow Group by 522.9% in the 4th quarter. IFP Advisors Inc now owns 1,059 shares of the financial services provider’s stock valued at $33,000 after buying an additional 889 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in Zillow Group by 50.0% in the 3rd quarter. Cornerstone Advisors Inc. now owns 3,000 shares of the financial services provider’s stock valued at $133,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

In related news, insider Greg M. Schwartz sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $31.44, for a total transaction of $169,776.00. Following the completion of the sale, the insider now directly owns 1,800 shares in the company, valued at $56,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag bought 385,000 shares of Zillow Group stock in a transaction that occurred on Friday, November 30th. The shares were acquired at an average price of $36.30 per share, with a total value of $13,975,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,179,897 shares of company stock worth $67,096,564 and have sold 5,962 shares worth $185,370. 58.08% of the stock is owned by company insiders.

Shares of NASDAQ:Z traded up $1.57 during trading hours on Tuesday, hitting $35.86. The stock had a trading volume of 15,606 shares, compared to its average volume of 2,192,700. Zillow Group Inc has a 1-year low of $26.38 and a 1-year high of $65.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Needham & Company LLC assumed coverage on shares of Zillow Group in a research report on Tuesday, January 8th. They set a “hold” rating and a $30.85 price target on the stock. ValuEngine cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Craig Hallum raised shares of Zillow Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $50.00 in a research report on Thursday, November 29th. Finally, Standpoint Research assumed coverage on shares of Zillow Group in a research report on Monday, November 26th. They set a “buy” rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.76.

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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.

See Also: Consumer Price Index (CPI)

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

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