Simplex Trading LLC bought a new position in Zillow Group, Inc. (NASDAQ:Z) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,524 shares of the financial services provider’s stock, valued at approximately $489,000.

Several other hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. purchased a new stake in Zillow Group during the third quarter worth about $176,000. Moore Capital Management LP purchased a new stake in Zillow Group during the third quarter worth about $212,000. Boothbay Fund Management LLC purchased a new stake in Zillow Group during the fourth quarter worth about $231,000. Intellectus Partners LLC purchased a new stake in Zillow Group during the fourth quarter worth about $232,000. Finally, Bayesian Capital Management LP purchased a new stake in Zillow Group during the fourth quarter worth about $237,000. Institutional investors and hedge funds own 86.31% of the company’s stock.

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

Zillow Group, Inc. (NASDAQ:Z) traded up 0.77% during trading on Friday, reaching $36.61. 646,546 shares of the company traded hands. The company’s 50-day moving average is $34.82 and its 200 day moving average is $35.35. Zillow Group, Inc. has a 12 month low of $23.22 and a 12 month high of $39.88. The company’s market cap is $6.66 billion.

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Several research firms have weighed in on Z. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $42.00) on shares of Zillow Group in a research note on Wednesday, February 8th. Stifel Nicolaus began coverage on shares of Zillow Group in a research note on Thursday, December 22nd. They issued a “hold” rating and a $36.00 price objective on the stock. Morgan Stanley lowered shares of Zillow Group from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective on the stock. in a research note on Friday, January 13th. Cowen and Company reiterated a “market perform” rating and issued a $37.00 price objective on shares of Zillow Group in a research note on Wednesday, February 8th. Finally, Zacks Investment Research upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 18th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.13.

In other Zillow Group news, insider Greg M. Schwartz sold 96,508 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $36.16, for a total transaction of $3,489,729.28. Following the transaction, the insider now directly owns 96,508 shares in the company, valued at approximately $3,489,729.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 26.97% of the company’s stock.

5 Day Chart for NASDAQ:Z

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