Zillow Group, Inc. $Z Stock Holdings Lifted by Credit Agricole S A

Key Points

• Credit Agricole S A has increased its stake in Zillow Group, Inc. by 58.4%, now owning 8,442 shares valued at $579,000.
• Multiple institutional investors have also adjusted their positions in Zillow, with TB Alternative Assets Ltd. increasing its stake by 49.0%.
• JPMorgan Chase raised its price target for Zillow Group from $79 to $94, indicating a bullish outlook for the company's stock.

Credit Agricole S A grew its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 58.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,442 shares of the financial services provider's stock after buying an additional 3,113 shares during the quarter. Credit Agricole S A's holdings in Zillow Group were worth $579,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in Z. IFP Advisors Inc increased its holdings in Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 338 shares in the last quarter. National Pension Service increased its stake in shares of Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider's stock worth $40,000 after purchasing an additional 247 shares in the last quarter. GAMMA Investing LLC increased its stake 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 worth $42,000 after purchasing an additional 196 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Zillow Group during the 1st quarter worth approximately $49,000. Finally, Parallel Advisors LLC increased its position 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. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 3,014 shares of Zillow Group stock in a transaction on Friday, August 15th. The stock was sold at an average price of $85.35, for a total transaction of $257,244.90. Following the sale, the general counsel owned 42,593 shares of the company's stock, valued at $3,635,312.55. The trade was a 6.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 8,168 shares of Zillow Group stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.35, for a total value of $697,138.80. Following the sale, the chief financial officer directly owned 84,146 shares in the company, valued at $7,181,861.10. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 580,379 shares of company stock worth $49,319,729 over the last ninety days. 25.03% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Shares of Z traded up $1.11 during mid-day trading on Thursday, reaching $85.30. 1,256,706 shares of the company's stock traded hands, compared to its average volume of 3,201,537. The business's 50-day moving average price is $78.59 and its 200-day moving average price is $72.78. The stock has a market capitalization of $20.67 billion, a P/E ratio of -328.08, a price-to-earnings-growth ratio of 15.86 and a beta of 2.09. Zillow Group, Inc. has a 12 month low of $52.86 and a 12 month high of $89.39.

Analyst Upgrades and Downgrades

Several research firms have weighed in on Z. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Finally, Bank of America lifted their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Zillow Group has an average rating of "Hold" and an average price target of $88.29.

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.