Aberdeen Group plc Has $6.97 Million Position in Zillow Group, Inc. $Z

Key Points

• Aberdeen Group plc increased its stake in Zillow Group, Inc. by 122.7%, now owning 101,703 shares valued at approximately $6,973,000.
• Zillow Group's stock has exhibited a one-year low of $52.86 and a high of $89.39, currently trading at around $81.10.
• Insider trading activity saw CEO Jeremy Wacksman sell 11,275 shares for around $966,605.75, resulting in a 6.86% decrease in his position, while 25.03% of the stock is owned by insiders.

Aberdeen Group plc raised its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 122.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,703 shares of the financial services provider's stock after acquiring an additional 56,025 shares during the quarter. Aberdeen Group plc's holdings in Zillow Group were worth $6,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after buying an additional 338 shares in the last quarter. National Pension Service lifted its stake in Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider's stock valued at $40,000 after buying an additional 247 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Zillow Group by 47.7% in 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 in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Zillow Group in the first quarter worth approximately $49,000. Finally, Natixis purchased a new stake in shares of Zillow Group in the fourth quarter worth approximately $80,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $6.04 during trading on Friday, reaching $87.44. The company had a trading volume of 5,443,697 shares, compared to its average volume of 2,830,985. Zillow Group, Inc. has a 52 week low of $52.86 and a 52 week high of $89.39. The stock has a market cap of $21.18 billion, a PE ratio of -336.31, a PEG ratio of 16.47 and a beta of 2.09. The business's 50 day moving average price is $77.22 and its 200-day moving average price is $72.73.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods reduced 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. JPMorgan Chase & Co. increased their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a report on Monday, April 28th. Finally, Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.29.

Insider Buying and Selling

In other Zillow Group news, Director Thielke Claire Cormier sold 8,247 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $79.86, for a total value of $658,605.42. Following the completion of the transaction, the director directly owned 725 shares of the company's stock, valued at approximately $57,898.50. The trade was a 91.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard N. Barton sold 200,000 shares of Zillow Group stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $84.92, for a total value of $16,984,000.00. Following the completion of the sale, the chairman owned 843,248 shares of the company's stock, valued at approximately $71,608,620.16. The trade was a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 580,379 shares of company stock valued at $49,319,729. Insiders own 25.03% of the company's stock.

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.