Entropy Technologies LP Increases Position in Zillow Group, Inc. (NASDAQ:Z)

Entropy Technologies LP lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 35.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,126 shares of the financial services provider’s stock after acquiring an additional 7,675 shares during the quarter. Entropy Technologies LP’s holdings in Zillow Group were worth $2,157,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. abrdn plc grew its position in shares of Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after acquiring an additional 24,247 shares during the period. IVY Lane Capital Management LLC grew its holdings in Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after purchasing an additional 35,000 shares during the period. Donoghue Forlines LLC purchased a new stake in Zillow Group in the fourth quarter worth $1,932,000. Thrivent Financial for Lutherans bought a new stake in shares of Zillow Group in the third quarter valued at $6,267,000. Finally, Friedenthal Financial purchased a new position in shares of Zillow Group during the 4th quarter valued at $754,000. 71.01% of the stock is currently owned by institutional investors.

Insider Activity at Zillow Group

In other news, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,689 shares of company stock worth $12,520,379 in the last 90 days. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of Z stock opened at $87.32 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $88.15. The company has a market capitalization of $20.39 billion, a P/E ratio of -153.19, a PEG ratio of 16.20 and a beta of 2.03. The stock has a 50 day moving average price of $78.69 and a two-hundred day moving average price of $67.52.

Analyst Ratings Changes

A number of research firms recently weighed in on Z. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Company Profile

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.