Teza Capital Management LLC Has $442,000 Position 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 lowered its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 83.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Ethic Inc. boosted its holdings in shares of Zillow Group by 13.3% during the 4th quarter. Ethic Inc. now owns 8,827 shares of the financial services provider's stock worth $654,000 after buying an additional 1,037 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Zillow Group by 9.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 58,258 shares of the financial services provider's stock worth $4,314,000 after purchasing an additional 5,000 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Zillow Group in the 4th quarter worth $442,000. Occudo Quantitative Strategies LP lifted its holdings in shares of Zillow Group by 12.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 14,527 shares of the financial services provider's stock worth $1,076,000 after purchasing an additional 1,570 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new stake in Zillow Group in the 4th quarter valued at $437,000. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Zillow Group Trading Down 1.7%

Zillow Group stock traded down $1.49 during mid-day trading on Friday, hitting $87.78. The company's stock had a trading volume of 1,732,852 shares, compared to its average volume of 2,383,369. Zillow Group, Inc. has a 1 year low of $56.82 and a 1 year high of $91.93. The stock's fifty day moving average is $82.05 and its two-hundred day moving average is $73.27. The firm has a market capitalization of $21.27 billion, a PE ratio of -337.62, a price-to-earnings-growth ratio of 9.36 and a beta of 2.04.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 25,575 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $91.06, for a total value of $2,328,859.50. Following the sale, the chief operating officer owned 114,129 shares of the company's stock, valued at approximately $10,392,586.74. This represents a 18.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director April Underwood sold 3,621 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $90.12, for a total transaction of $326,324.52. Following the sale, the director directly owned 483 shares of the company's stock, valued at $43,527.96. This represents a 88.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 657,087 shares of company stock valued at $56,286,479. 25.03% of the stock is owned by company 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.