Gateway Investment Advisers LLC lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 25.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,593 shares of the financial services provider's stock after selling 34,328 shares during the quarter. Gateway Investment Advisers LLC's holdings in Zillow Group were worth $6,897,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of Z. Charles Schwab Investment Management Inc. lifted its stake in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock valued at $113,941,000 after buying an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Zillow Group in the 4th quarter valued at $7,375,000. Vinva Investment Management Ltd acquired a new position in shares of Zillow Group in the 4th quarter valued at $1,187,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock valued at $3,267,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in Zillow Group during the 4th quarter worth $442,000. Institutional investors and hedge funds own 71.01% of the company's stock.
Wall Street Analyst Weigh In
Z has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 7th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. William Blair started coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.71.
Check Out Our Latest Stock Report on Z
Zillow Group Trading Down 0.6%
Shares of NASDAQ Z traded down $0.41 during trading on Wednesday, reaching $71.10. The company had a trading volume of 1,464,142 shares, compared to its average volume of 3,155,038. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39. The stock has a 50-day moving average price of $66.37 and a two-hundred day moving average price of $73.50. The stock has a market capitalization of $17.17 billion, a PE ratio of -151.29, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12.
Insider Activity at Zillow Group
In other news, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at $3,969,259.20. This represents a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Bradley D. Owens sold 1,154 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the transaction, the general counsel now directly owns 50,681 shares of the company's stock, valued at $3,483,811.94. This trade represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,706 shares of company stock valued at $7,182,022. Company insiders own 25.03% of the company's stock.
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.
Featured Articles
Before you consider Zillow Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zillow Group wasn't on the list.
While Zillow Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
