Mark Asset Management Corp Cut Zillow Group INC (Z) Position as Share Price Rose

March 14, 2018 - By Marie Mckinney

Morris Mark decreased its stake in Zillow Group Inc (Z) by 61.65% based on its latest 2017Q3 regulatory filing with the SEC. Mark Asset Management Corp sold 112,224 shares as the company’s stock rose 15.96% with the market. The hedge fund run by Morris Mark held 69,823 shares of the miscellaneous company at the end of 2017Q3, valued at $2.80 million, down from 182,047 at the end of the previous reported quarter. Mark Asset Management Corp who had been investing in Zillow Group Inc for a number of months, seems to be less bullish one the $10.82B market cap company. The stock increased 2.90% or $1.66 during the last trading session, reaching $58.9. About 1.03 million shares traded. Zillow Group, Inc. (NASDAQ:Z) has risen 50.16% since March 14, 2017 and is uptrending. It has outperformed by 33.46% the S&P500.

Mark Asset Management Corp, which manages about $461.09M and $459.45M US Long portfolio, upped its stake in Bank Of America Corp (NYSE:BAC) by 123,296 shares to 261,432 shares, valued at $6.63 million in 2017Q3, according to the filing.

More recent Zillow Group, Inc. (NASDAQ:Z) news were published by: which released: “Zillow Group to Attend the JMP Securities 2018 Technology Conference” on February 14, 2018. Also published the news titled: “Zillow Group, Inc. (ZG): Raising PT On Model Push Into 2019 – Deutsche Bank” on March 06, 2018.‘s news article titled: “Zillow: The Future Of Home Buying” with publication date: March 08, 2018 was also an interesting one.

Zillow Group, Inc. (NASDAQ:Z) Ratings Coverage

Among 10 analysts covering Zillow Inc (NASDAQ:Z), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Zillow Inc had 27 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Cowen & Co on Friday, July 31. The company was maintained on Wednesday, August 5 by Benchmark. The stock has “Market Perform” rating by Cowen & Co on Wednesday, May 4. The firm earned “Sector Perform” rating on Wednesday, November 4 by RBC Capital Markets. The firm earned “Overweight” rating on Thursday, July 14 by Morgan Stanley. Morgan Stanley maintained Zillow Group, Inc. (NASDAQ:Z) on Wednesday, August 5 with “Buy” rating. As per Friday, February 9, the company rating was maintained by Cowen & Co. Stephens maintained the stock with “Overweight” rating in Wednesday, August 26 report. The rating was downgraded by Morgan Stanley on Friday, January 13 to “Equal-Weight”. As per Wednesday, January 10, the company rating was upgraded by Morgan Stanley.

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