Assenagon Asset Management S.A. Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Assenagon Asset Management S.A. increased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 425.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,629 shares of the financial services provider's stock after purchasing an additional 282,258 shares during the period. Assenagon Asset Management S.A. owned 0.14% of Zillow Group worth $23,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of Z. GAMMA Investing LLC raised its position in shares of Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 196 shares during the period. National Bank of Canada FI bought a new stake in Zillow Group in the 4th quarter valued at $55,000. Assetmark Inc. increased its holdings in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 741 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Natixis bought a new stake in Zillow Group in the 4th quarter valued at $80,000. 71.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zillow Group news, Director Erik C. Blachford sold 965 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $70.35, for a total value of $67,887.75. Following the completion of the sale, the director now directly owns 35,474 shares of the company's stock, valued at $2,495,595.90. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dan Spaulding sold 5,534 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 $381,735.32. Following the completion of the sale, the insider now directly owns 68,889 shares of the company's stock, valued at approximately $4,751,963.22. This trade represents a 7.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,947 shares of company stock valued at $7,199,000. Company insiders own 25.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Keefe, Bruyette & Woods reduced their price target on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Finally, William Blair assumed coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $1.40 during trading hours on Friday, reaching $70.37. The company's stock had a trading volume of 1,707,780 shares, compared to its average volume of 3,081,630. The firm has a 50 day moving average price of $66.80 and a 200-day moving average price of $73.13. Zillow Group, Inc. has a one year low of $41.67 and a one year high of $89.39. The stock has a market cap of $16.99 billion, a P/E ratio of -149.72, a P/E/G ratio of 9.24 and a beta of 2.12.

Zillow Group 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.