Lansforsakringar Fondforvaltning AB publ Makes New $3.65 Million Investment in Zillow Group, Inc. (NASDAQ:Z)

Lansforsakringar Fondforvaltning AB publ bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,239 shares of the financial services provider's stock, valued at approximately $3,646,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of Zillow Group in the 4th quarter valued at about $55,000. Assetmark Inc. increased its position 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 period. Blue Trust Inc. increased its position in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 137 shares during the period. Smartleaf Asset Management LLC increased its position 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 period. Finally, Natixis acquired a new position in Zillow Group in the 4th quarter valued at about $80,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

NASDAQ Z traded down $0.54 during trading hours on Tuesday, hitting $67.82. The company had a trading volume of 339,780 shares, compared to its average volume of 3,196,875. Zillow Group, Inc. has a fifty-two week low of $40.61 and a fifty-two week high of $89.39. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of -144.30, a P/E/G ratio of 9.24 and a beta of 2.23. The firm's 50 day moving average is $66.29 and its 200 day moving average is $73.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on Z shares. Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods reduced 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. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Insider Activity

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,154 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total transaction of $79,325.96. Following the completion of the sale, the general counsel now owns 50,681 shares in the company, valued at $3,483,811.94. The trade was a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,741 shares of company stock worth $7,114,134 over the last ninety days. Corporate insiders own 25.03% of the company's stock.

About Zillow Group

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.