Amundi Purchases 253,804 Shares of Zillow Group, Inc. $Z

Amundi lifted its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 77.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 579,429 shares of the financial services provider's stock after acquiring an additional 253,804 shares during the period. Amundi owned approximately 0.24% of Zillow Group worth $39,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted 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 worth $31,000 after buying an additional 338 shares in the last quarter. National Pension Service boosted 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 worth $40,000 after buying an additional 247 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 buying an additional 196 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Zillow Group during the first quarter worth $49,000. Finally, Parallel Advisors LLC boosted its stake in Zillow Group by 141.8% during the first quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider's stock worth $115,000 after buying an additional 984 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Price Performance

NASDAQ Z traded down $1.12 on Friday, reaching $88.15. The stock had a trading volume of 559,786 shares, compared to its average volume of 2,652,382. The firm has a fifty day moving average of $81.74 and a two-hundred day moving average of $73.23. Zillow Group, Inc. has a 1-year low of $56.82 and a 1-year high of $91.93. The company has a market cap of $21.36 billion, a P/E ratio of -338.73, a price-to-earnings-growth ratio of 8.98 and a beta of 2.04.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on Z. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Bank of America lifted their price target on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.29.

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 22,510 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the sale, the chief technology officer directly owned 144,549 shares of the company's stock, valued at approximately $13,149,622.53. This represents a 13.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Erik C. Blachford sold 966 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $81.91, for a total value of $79,125.06. Following the sale, the director directly owned 34,508 shares in the company, valued at approximately $2,826,550.28. This trade represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 657,087 shares of company stock worth $56,286,479 in the last quarter. 25.03% of the stock is currently owned by corporate insiders.

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.