Mark Asset Management LP Has $7.20 Million Position in Zillow Group Inc (NASDAQ:Z)

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Mark Asset Management LP increased its stake in shares of Zillow Group Inc (NASDAQ:Z) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,934 shares of the financial services provider’s stock after buying an additional 20,350 shares during the quarter. Zillow Group comprises approximately 1.4% of Mark Asset Management LP’s investment portfolio, making the stock its 26th biggest position. Mark Asset Management LP owned about 0.06% of Zillow Group worth $7,197,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Aperio Group LLC grew its position in Zillow Group by 2.7% during the first quarter. Aperio Group LLC now owns 9,041 shares of the financial services provider’s stock worth $326,000 after buying an additional 234 shares in the last quarter. Brighton Jones LLC grew its position in Zillow Group by 5.2% during the second quarter. Brighton Jones LLC now owns 6,661 shares of the financial services provider’s stock worth $384,000 after buying an additional 327 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Zillow Group by 37.1% during the second quarter. Rosenberg Matthew Hamilton now owns 1,371 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 371 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Zillow Group by 3.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,267 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 446 shares during the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV lifted its stake in Zillow Group by 7.7% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 6,280 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 450 shares during the last quarter. 76.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Richard N. Barton sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $58.12, for a total value of $2,034,200.00. Following the completion of the sale, the chief executive officer now directly owns 175,536 shares in the company, valued at approximately $10,202,152.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Bradley D. Owens sold 15,240 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $65.00, for a total value of $990,600.00. Following the completion of the sale, the general counsel now owns 5,564 shares of the company’s stock, valued at $361,660. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,548,044 shares of company stock valued at $194,378,652. 19.87% of the stock is currently owned by company insiders.

Z has been the subject of several recent analyst reports. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Friday, August 21st. Standpoint Research cut Zillow Group from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley increased their price target on Zillow Group from $46.00 to $64.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Finally, Needham & Company LLC increased their price target on Zillow Group from $80.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Zillow Group has a consensus rating of “Hold” and a consensus target price of $77.00.

Zillow Group stock traded down $1.56 during trading hours on Friday, reaching $83.88. 3,314,828 shares of the company’s stock were exchanged, compared to its average volume of 4,288,820. The company has a quick ratio of 9.73, a current ratio of 10.08 and a debt-to-equity ratio of 0.50. The firm’s 50 day simple moving average is $75.27 and its 200 day simple moving average is $55.88. Zillow Group Inc has a twelve month low of $20.04 and a twelve month high of $92.81. The firm has a market capitalization of $19.04 billion, a PE ratio of -42.80 and a beta of 1.21.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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

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