American Century Companies Inc. Trims Stake in Zillow Group, Inc. $Z

American Century Companies Inc. decreased its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 96.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,702 shares of the financial services provider's stock after selling 620,108 shares during the quarter. American Century Companies Inc.'s holdings in Zillow Group were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. TB Alternative Assets Ltd. raised its holdings in Zillow Group by 49.0% during the 1st quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock worth $39,142,000 after buying an additional 187,671 shares during the period. American Assets Investment Management LLC bought a new stake in shares of Zillow Group during the first quarter worth $468,000. Alberta Investment Management Corp acquired a new stake in shares of Zillow Group during the first quarter worth $3,661,000. Cerity Partners LLC lifted its position in 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 acquiring an additional 8,215 shares in the last quarter. Finally, G&S Capital LLC boosted its stake in 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 worth $2,326,000 after purchasing an additional 19,319 shares during the period. 71.01% of the stock is owned by institutional investors.

Zillow Group Trading Up 0.2%

Shares of NASDAQ:Z traded up $0.20 during mid-day trading on Thursday, reaching $83.70. The company had a trading volume of 2,072,376 shares, compared to its average volume of 2,720,386. Zillow Group, Inc. has a one year low of $52.86 and a one year high of $89.39. The company's 50-day moving average price is $80.04 and its 200-day moving average price is $72.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on Z shares. Bank of America increased their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $88.29.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 5,680 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.22, for a total transaction of $484,049.60. Following the transaction, the insider directly owned 59,616 shares of the company's stock, valued at approximately $5,080,475.52. This trade represents a 8.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Erik C. Blachford sold 966 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total value of $79,125.06. Following the completion of the sale, the director directly owned 34,508 shares of the company's stock, valued at approximately $2,826,550.28. This trade represents a 2.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 581,587 shares of company stock worth $49,418,676 in the last three months. 25.03% of the stock is owned by insiders.

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.