Ninety One UK Ltd Has $331.47 Million Holdings in Zillow Group, Inc. $Z

Key Points

• Ninety One UK Ltd has increased its stake in Zillow Group, Inc. by 17.4%, now holding 4,731,948 shares valued at approximately $331.47 million.
• Insider selling has occurred, with COO Jun Choo selling 25,575 shares for over $2.3 million, reducing his position by 18.31%.
• Analysts have raised price targets for Zillow Group, with JPMorgan increasing it from $79 to $94, reflecting an overall consensus rating of "Moderate Buy."

Ninety One UK Ltd increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 17.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,731,948 shares of the financial services provider's stock after acquiring an additional 702,445 shares during the period. Ninety One UK Ltd owned about 1.96% of Zillow Group worth $331,473,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Zillow Group by 46.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,033 shares of the financial services provider's stock valued at $669,000 after purchasing an additional 2,879 shares during the period. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 10,025.5% during the first quarter. GAMMA Investing LLC now owns 41,616 shares of the financial services provider's stock worth $2,853,000 after buying an additional 41,205 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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. Rhumbline Advisers raised its position in Zillow Group by 1.7% in the 1st quarter. Rhumbline Advisers now owns 182,624 shares of the financial services provider's stock valued at $12,521,000 after buying an additional 3,045 shares during the last quarter. Finally, Retirement Planning Group LLC bought a new stake in Zillow Group in the 1st quarter valued at approximately $270,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Trading Down 4.3%

NASDAQ Z opened at $77.05 on Wednesday. Zillow Group, Inc. has a 12 month low of $57.00 and a 12 month high of $93.88. The stock has a 50 day moving average of $83.53 and a 200-day moving average of $74.07. The company has a market cap of $18.67 billion, a PE ratio of -296.35, a PEG ratio of 22.43 and a beta of 2.04.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 25,575 shares of Zillow Group stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $91.06, for a total value of $2,328,859.50. Following the completion of the transaction, the chief operating officer owned 114,129 shares of the company's stock, valued at $10,392,586.74. This trade represents a 18.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erik C. Blachford sold 966 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $81.91, for a total transaction of $79,125.06. Following the transaction, the director owned 34,508 shares in the company, valued at $2,826,550.28. This represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 657,087 shares of company stock valued at $56,286,479. 23.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Mizuho raised shares of Zillow Group to a "strong-buy" rating in a research report on Monday. Bank of America raised their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein upgraded shares of Zillow Group from a "market perform" rating to an "outperform" rating and set a $105.00 price target on the stock in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.38.

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.

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