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ASR Vermogensbeheer N.V. Buys New Stake in Zillow Group, Inc. (NASDAQ:Z)

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Key Points

  • ASR Vermogensbeheer N.V. acquired a new stake in Zillow Group, Inc., purchasing 22,580 shares valued at approximately $1.55 million in the first quarter.
  • A number of other institutional investors, including Vanguard Group Inc. and Ninety One UK Ltd, also increased their positions significantly during the same period, reflecting a strong interest in Zillow Group.
  • Zillow Group's stock has shown strong performance, opening at $80.92 with a market cap of $19.54 billion, but analysts have mixed ratings, giving a consensus rating of "Hold" with an average price target of $88.29.
  • Want stock alerts on Zillow Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

ASR Vermogensbeheer N.V. bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,580 shares of the financial services provider's stock, valued at approximately $1,548,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Zillow Group by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock valued at $1,548,767,000 after acquiring an additional 1,628,577 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Zillow Group in the 4th quarter valued at about $51,835,000. Castle Hook Partners LP acquired a new stake in shares of Zillow Group in the 4th quarter valued at about $49,887,000. Polar Capital Holdings Plc acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $33,504,000. Finally, Altimeter Capital Management LP increased its position in shares of Zillow Group by 52.0% in the fourth quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock valued at $96,320,000 after acquiring an additional 445,158 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on Z shares. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Keefe, Bruyette & Woods decreased their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. Zelman & Associates restated a "neutral" rating on shares of Zillow Group in a report on Friday. William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating for the company. Finally, Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zillow Group has an average rating of "Hold" and a consensus price target of $88.29.

Get Our Latest Stock Report on Zillow Group

Insider Transactions at Zillow Group

In other news, CEO Jeremy Wacksman sold 10,984 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $757,676.32. Following the completion of the sale, the chief executive officer owned 171,517 shares in the company, valued at approximately $11,831,242.66. The trade was a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 7,959 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $549,011.82. Following the completion of the sale, the chief financial officer owned 97,481 shares of the company's stock, valued at approximately $6,724,239.38. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,371 shares of company stock worth $5,775,204. 23.76% of the stock is currently owned by insiders.

Zillow Group Stock Down 4.4%

Z traded down $3.71 during trading on Friday, hitting $80.92. The company's stock had a trading volume of 2,949,665 shares, compared to its average volume of 2,623,221. Zillow Group, Inc. has a one year low of $49.63 and a one year high of $89.39. The firm has a market cap of $19.54 billion, a PE ratio of -311.23, a P/E/G ratio of 13.14 and a beta of 2.09. The business's 50 day simple moving average is $74.62 and its 200-day simple moving average is $72.64.

Zillow Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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