TB Alternative Assets Ltd. Sells 45,948 Shares of Zillow Group, Inc. (NASDAQ:Z)

TB Alternative Assets Ltd. lessened its position in Zillow Group, Inc. (NASDAQ:Z) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 383,242 shares of the financial services provider’s stock after selling 45,948 shares during the period. Zillow Group makes up 7.3% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 3rd largest holding. TB Alternative Assets Ltd. owned 0.16% of Zillow Group worth $28,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arkadios Wealth Advisors lifted its holdings in shares of Zillow Group by 18.4% in the 4th quarter. Arkadios Wealth Advisors now owns 49,042 shares of the financial services provider’s stock valued at $3,632,000 after buying an additional 7,612 shares during the period. Avanza Fonder AB purchased a new position in Zillow Group in the fourth quarter worth $681,000. Mirador Capital Partners LP lifted its holdings in Zillow Group by 1.5% in the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 292 shares during the period. ERn Financial LLC boosted its position in shares of Zillow Group by 11.2% during the 4th quarter. ERn Financial LLC now owns 11,239 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Zillow Group by 14.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,247 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 1,324 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on Z shares. Morgan Stanley lifted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Bank of America boosted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $72.83.

Insider Buying and Selling

In other news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 owns 31,739 shares in the company, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,689 shares of company stock valued at $10,395,879. Company insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 1.8 %

Shares of NASDAQ:Z opened at $77.86 on Tuesday. The stock has a 50-day simple moving average of $77.79 and a 200-day simple moving average of $64.28. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.