6,099 Shares in Zillow Group, Inc. $Z Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC has acquired a new position of 6,099 shares in Zillow Group, Inc. valued at approximately $418,000 as reported in their recent 13F filing.
• Several institutional investors, including National Pension Service and IFP Advisors Inc, significantly increased their positions in Zillow Group in the first quarter, highlighting growing interest from hedge funds.
• Insider transactions reveal that key executives, including Dan Spaulding and Jeremy Wacksman, have recently sold large amounts of company stock, with insiders selling a total of 580,379 shares valued at about $49.3 million over the last ninety days.

DRW Securities LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,099 shares of the financial services provider's stock, valued at approximately $418,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flynn Zito Capital Management LLC increased its position in Zillow Group by 4.5% during the first quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider's stock worth $264,000 after purchasing an additional 166 shares during the last quarter. True Vision MN LLC increased its position in Zillow Group by 2.4% during the first quarter. True Vision MN LLC now owns 7,599 shares of the financial services provider's stock worth $521,000 after purchasing an additional 176 shares during the last quarter. GAMMA Investing LLC increased its position in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after purchasing an additional 196 shares during the last quarter. National Pension Service increased its position in Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider's stock worth $40,000 after purchasing an additional 247 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock worth $31,000 after purchasing an additional 338 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 100,000 shares of Zillow Group stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.91, for a total value of $8,591,000.00. Following the completion of the transaction, the insider owned 68,889 shares in the company, valued at approximately $5,918,253.99. The trade was a 59.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeremy Wacksman sold 11,275 shares of Zillow Group stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.73, for a total transaction of $966,605.75. Following the completion of the transaction, the chief executive officer owned 153,113 shares of the company's stock, valued at $13,126,377.49. This trade represents a 6.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 580,379 shares of company stock valued at $49,319,729. 23.76% of the stock is owned by corporate insiders.

Zillow Group Stock Performance

Shares of Z stock opened at $84.31 on Monday. The stock has a market capitalization of $20.43 billion, a P/E ratio of -324.27, a price-to-earnings-growth ratio of 15.88 and a beta of 2.04. The company has a 50 day moving average price of $78.91 and a 200 day moving average price of $72.69. Zillow Group, Inc. has a fifty-two week low of $52.86 and a fifty-two week high of $89.39.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Finally, Bank of America lifted their price target on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of "Hold" and an average price target of $88.29.

About Zillow Group

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.

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