Aberdeen Group plc Acquires 56,025 Shares of 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 grew its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 122.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,703 shares of the financial services provider's stock after purchasing an additional 56,025 shares during the period. Aberdeen Group plc's holdings in Zillow Group were worth $6,973,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TB Alternative Assets Ltd. boosted its stake in shares of Zillow Group by 49.0% in the 1st quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock valued at $39,142,000 after purchasing an additional 187,671 shares in the last quarter. American Assets Investment Management LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at $468,000. Alberta Investment Management Corp acquired a new stake in shares of Zillow Group in the 1st quarter valued at $3,661,000. Cerity Partners LLC boosted its stake in shares of Zillow Group by 67.0% in the 1st quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock valued at $1,404,000 after purchasing an additional 8,215 shares in the last quarter. Finally, G&S Capital LLC boosted its stake in shares of Zillow Group by 132.2% in the 1st quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider's stock valued at $2,326,000 after purchasing an additional 19,319 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Buying and Selling

In other news, insider Dan Spaulding sold 5,680 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $85.22, for a total value of $484,049.60. Following the completion of the sale, the insider owned 59,616 shares of the company's stock, valued at approximately $5,080,475.52. This represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard N. Barton sold 150,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.68, for a total value of $12,852,000.00. Following the completion of the sale, the chairman directly owned 2,501,225 shares of the company's stock, valued at approximately $214,304,958. The trade was a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 580,379 shares of company stock worth $49,319,729 in the last quarter. 23.76% of the stock is owned by company insiders.

Zillow Group Price Performance

NASDAQ:Z traded down $1.26 during trading hours on Tuesday, reaching $85.68. 2,987,711 shares of the stock were exchanged, compared to its average volume of 3,136,984. The stock has a market cap of $20.76 billion, a PE ratio of -329.54, a PEG ratio of 16.37 and a beta of 2.09. Zillow Group, Inc. has a twelve month low of $52.86 and a twelve month high of $89.39. The firm has a 50 day moving average of $77.90 and a 200 day moving average of $72.72.

Analysts Set New Price Targets

Z has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Keefe, Bruyette & Woods reduced their target price on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 7th. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Zillow Group has a consensus rating of "Hold" and a consensus 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.