Teza Capital Management LLC Has $442,000 Stake in Zillow Group, Inc. $Z

Key Points

• Teza Capital Management LLC reduced its stake in Zillow Group by 83.3% in the first quarter, now holding 6,444 shares valued at $442,000.
• Several large investors increased their positions in Zillow Group, with IFP Advisors Inc. boosting holdings by 288.9% to 455 shares and National Pension Service increasing by 74.8% to 577 shares.
• Zillow Group received positive attention from analysts, with JPMorgan Chase & Co. raising its price target from $79 to $94 and maintaining an "overweight" rating.

Teza Capital Management LLC cut its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 83.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,444 shares of the financial services provider's stock after selling 32,165 shares during the quarter. Teza Capital Management LLC's holdings in Zillow Group were worth $442,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc boosted its stake in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 338 shares in the last quarter. National Pension Service boosted its stake in shares of Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 247 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Zillow Group during the first quarter valued at about $49,000. Finally, Parallel Advisors LLC boosted its stake 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 valued at $115,000 after purchasing an additional 984 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on Z shares. JPMorgan Chase & Co. lifted their price target on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Bank of America lifted their price target on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.29.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $85.91, for a total value of $8,591,000.00. Following the transaction, the insider directly owned 68,889 shares of the company's stock, valued at approximately $5,918,253.99. The trade was a 59.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jun Choo sold 45,710 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total value of $3,894,949.10. Following the completion of the transaction, the chief operating officer directly owned 117,098 shares in the company, valued at approximately $9,977,920.58. This trade represents a 28.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 657,087 shares of company stock valued at $56,286,479 over the last 90 days. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $1.09 during midday trading on Friday, reaching $88.18. The company had a trading volume of 1,153,422 shares, compared to its average volume of 2,655,823. The stock has a fifty day moving average price of $81.74 and a 200 day moving average price of $73.23. The firm has a market cap of $21.36 billion, a PE ratio of -339.22, a P/E/G ratio of 8.98 and a beta of 2.04. Zillow Group, Inc. has a fifty-two week low of $56.82 and a fifty-two week high of $91.93.

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.