SG Americas Securities LLC Acquires 46,355 Shares of Zillow Group, Inc. (NASDAQ:Z)

SG Americas Securities LLC raised its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 221.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,321 shares of the financial services provider's stock after buying an additional 46,355 shares during the quarter. SG Americas Securities LLC's holdings in Zillow Group were worth $4,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of Z. Caxton Associates LP bought a new stake in shares of Zillow Group in the 4th quarter worth about $51,835,000. Castle Hook Partners LP bought a new stake in shares of Zillow Group in the 4th quarter worth about $49,887,000. Polar Capital Holdings Plc bought a new stake in Zillow Group during the fourth quarter worth about $33,504,000. Altimeter Capital Management LP grew its stake in Zillow Group by 52.0% during the fourth quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock worth $96,320,000 after buying an additional 445,158 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Zillow Group during the fourth quarter worth about $27,769,000. Institutional investors own 71.01% of the company's stock.

Insider Buying and Selling at Zillow Group

In related news, Director Erik C. Blachford sold 965 shares of Zillow Group stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $70.35, for a total transaction of $67,887.75. Following the completion of the transaction, the director now owns 35,474 shares in the company, valued at approximately $2,495,595.90. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. The trade was a 1.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,947 shares of company stock worth $7,199,000 over the last ninety days. 25.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on Z shares. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target 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 began coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Eight equities research 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's stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Zillow Group Price Performance

NASDAQ:Z traded up $0.57 during trading hours on Monday, reaching $70.94. 1,090,151 shares of the stock were exchanged, compared to its average volume of 3,073,665. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39. The firm has a 50 day moving average of $67.00 and a 200 day moving average of $73.03. The stock has a market cap of $17.13 billion, a PE ratio of -150.94, a PEG ratio of 9.24 and a beta of 2.12.

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.