Teacher Retirement System of Texas Buys Shares of 23,303 Zillow Group, Inc. (NASDAQ:Z)

Teacher Retirement System of Texas bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,303 shares of the financial services provider's stock, valued at approximately $1,598,000.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock worth $706,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance increased its stake in Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after purchasing an additional 120 shares during the period. Brown Brothers Harriman & Co. increased its stake in Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after purchasing an additional 148 shares during the period. DoubleLine ETF Adviser LP increased its stake in Zillow Group by 1.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after purchasing an additional 163 shares during the period. Finally, GAMMA Investing LLC increased its stake in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Price Performance

NASDAQ Z opened at $78.01 on Friday. The business's 50-day simple moving average is $69.55 and its 200-day simple moving average is $71.95. The firm has a market capitalization of $18.84 billion, a P/E ratio of -229.44, a P/E/G ratio of 14.58 and a beta of 2.11. Zillow Group, Inc. has a 1-year low of $41.67 and a 1-year high of $89.39.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut 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. Keefe, Bruyette & Woods cut 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 note on Wednesday, May 7th. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Finally, Wedbush restated an "outperform" rating and set a $100.00 target price 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 given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.71.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 6,962 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the sale, the insider directly owned 135,674 shares in the company, valued at approximately $9,311,306.62. The trade was a 4.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon Sheridan Stephenson sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the completion of the sale, the director owned 28,290 shares of the company's stock, valued at $1,999,820.10. This trade represents a 26.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,093 shares of company stock worth $6,989,688 over the last 90 days. 25.03% of the stock is currently owned by corporate insiders.

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.

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