Zillow Group, Inc. (NASDAQ:Z) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,914 shares of the financial services provider's stock after selling 5,600 shares during the period. New York State Common Retirement Fund's holdings in Zillow Group were worth $5,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 196 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Zillow Group in the 4th quarter valued at approximately $55,000. Natixis acquired a new stake in shares of Zillow Group in the 4th quarter valued at $80,000. Point72 Hong Kong Ltd acquired a new stake in shares of Zillow Group in the 4th quarter valued at $119,000. Finally, Parallel Advisors LLC lifted its position in shares of Zillow Group by 141.8% during the 1st quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider's stock worth $115,000 after purchasing an additional 984 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zillow Group news, Director Gordon Sheridan Stephenson sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $70.69, for a total transaction of $706,900.00. Following the transaction, the director owned 28,290 shares in the company, valued at $1,999,820.10. The trade was a 26.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jun Choo sold 11,725 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the sale, the chief operating officer owned 130,186 shares in the company, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,093 shares of company stock worth $6,989,688. 25.03% of the stock is owned by company insiders.

Zillow Group Trading Down 0.2%

NASDAQ:Z traded down $0.16 on Thursday, hitting $80.40. 2,372,874 shares of the stock were exchanged, compared to its average volume of 2,278,599. The stock has a fifty day moving average of $71.33 and a 200-day moving average of $72.15. The stock has a market cap of $19.41 billion, a PE ratio of -236.47, a PEG ratio of 14.88 and a beta of 2.11. Zillow Group, Inc. has a fifty-two week low of $41.67 and a fifty-two week high of $89.39.

Analyst Ratings Changes

Z has been the topic of a number of research reports. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective 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 issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average target price of $83.71.

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.