TD Asset Management Inc. Reduces Position in Zillow Group, Inc. (Z)
TD Asset Management Inc. lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 29.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,477 shares of the financial services provider’s stock after selling 10,660 shares during the quarter. TD Asset Management Inc.’s holdings in Zillow Group were worth $1,024,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Zillow Group by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock valued at $138,000 after buying an additional 57 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Zillow Group by 878.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,830 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $130,000. ETF Managers Group LLC acquired a new stake in shares of Zillow Group in the 2nd quarter valued at approximately $167,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Zillow Group in the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.
Shares of Zillow Group, Inc. (NASDAQ Z) opened at $40.52 on Wednesday. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a 1 year low of $32.56 and a 1 year high of $51.23.
Several equities analysts recently issued reports on the company. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Canaccord Genuity lifted their price objective on Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Zillow Group presently has a consensus rating of “Hold” and an average price target of $47.44.
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About Zillow Group
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 people 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.
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