Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Garde Capital Inc.

Garde Capital Inc. decreased its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,555 shares of the financial services provider's stock after selling 3,696 shares during the period. Zillow Group makes up approximately 1.1% of Garde Capital Inc.'s holdings, making the stock its 24th biggest position. Garde Capital Inc. owned 0.12% of Zillow Group worth $19,441,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of Z. GAMMA Investing LLC increased its holdings in Zillow Group by 47.7% in the 1st 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. National Bank of Canada FI bought a new stake in Zillow Group in the 4th quarter worth about $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 worth $56,000 after buying an additional 741 shares in 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 worth $79,000 after buying an additional 367 shares in the last quarter. Finally, Natixis bought a new stake in Zillow Group in the 4th quarter worth about $80,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Zillow Group Trading Up 1.7%

Zillow Group stock traded up $1.16 during midday trading on Tuesday, reaching $70.22. The company's stock had a trading volume of 1,718,743 shares, compared to its average volume of 3,030,501. The stock's 50-day simple moving average is $67.45 and its 200-day simple moving average is $72.51. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 5,534 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $381,735.32. Following the completion of the sale, the insider now directly owns 68,889 shares in the company, valued at $4,751,963.22. This represents a 7.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erik C. Blachford sold 965 shares of the company's stock in a transaction on 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 owns 35,474 shares of the company's stock, valued at approximately $2,495,595.90. The trade was a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,947 shares of company stock valued at $7,199,000 over the last quarter. 23.76% of the stock is currently owned by company 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.