The Zillow Group, Inc. (Z) is VGI PARTNERS PTY Ltd’s 5th Largest Position

The Zillow Group, Inc. (Z) is VGI PARTNERS PTY Ltd’s 5th Largest Position

VGI PARTNERS PTY Ltd lowered its stake in Zillow Group, Inc. (NYSE:Z) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 983,680 shares of the company’s stock after selling 5,409 shares during the period. Zillow Group comprises about 8.9% of VGI PARTNERS PTY Ltd’s portfolio, making the stock its 5th largest position. VGI PARTNERS PTY Ltd owned 0.54% of Zillow Group worth $34,085,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of Z. Robeco Institutional Asset Management B.V. purchased a new stake in Zillow Group during the third quarter worth $176,000. Westpac Banking Corp boosted its position in shares of Zillow Group by 51.0% in the second quarter. Westpac Banking Corp now owns 4,897 shares of the company’s stock worth $178,000 after buying an additional 1,654 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Zillow Group by 10.3% in the third quarter. Shell Asset Management Co. now owns 5,589 shares of the company’s stock worth $194,000 after buying an additional 522 shares in the last quarter. Moore Capital Management LP acquired a new position in shares of Zillow Group during the third quarter worth approximately $212,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Zillow Group by 26.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,268 shares of the company’s stock worth $227,000 after buying an additional 1,293 shares in the last quarter.

Zillow Group, Inc. (NYSE:Z) opened at 36.55 on Thursday. The company’s market cap is $6.60 billion. Zillow Group, Inc. has a 1-year low of $15.36 and a 1-year high of $39.88. The stock has a 50 day moving average of $36.80 and a 200-day moving average of $35.61.

A number of brokerages have commented on Z. Zacks Investment Research upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus began coverage on shares of Zillow Group in a research note on Thursday, December 22nd. They set a “hold” rating and a $36.00 price target for the company. Morgan Stanley cut shares of Zillow Group from an “overweight” rating to an “equal weight” rating and set a $39.00 price target for the company. in a research note on Friday, January 13th. Finally, Canaccord Genuity restated a “buy” rating and set a $42.00 price target on shares of Zillow Group in a research note on Tuesday, October 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Zillow Group currently has an average rating of “Hold” and an average target price of $38.00.

In related news, CEO Spencer M. Rascoff sold 22,400 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $34.16, for a total value of $765,184.00. Following the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $256,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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. (NYSE:Z).

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