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

SG Americas Securities LLC grew its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 221.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position 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 acquiring an additional 196 shares in the last quarter. National Bank of Canada FI bought a new stake in Zillow Group during the fourth quarter worth $55,000. Assetmark Inc. raised its position in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after acquiring an additional 741 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares in the last quarter. Finally, Natixis bought a new stake in Zillow Group during the fourth quarter worth $80,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 11,725 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the sale, the chief operating officer now owns 130,186 shares in the company, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of Zillow Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $757,676.32. Following the transaction, the chief executive officer now directly owns 171,517 shares in the company, valued at $11,831,242.66. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,947 shares of company stock worth $7,199,000. Corporate insiders own 25.03% of the company's stock.

Analyst Upgrades and Downgrades

Z has been the topic of several analyst reports. JPMorgan Chase & Co. dropped 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 report on Thursday, May 8th. Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. William Blair initiated coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. Finally, 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. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Trading Down 2.0%

Z stock traded down $1.40 during mid-day trading on Friday, hitting $70.37. The stock had a trading volume of 1,707,780 shares, compared to its average volume of 3,083,906. Zillow Group, Inc. has a 52 week low of $41.67 and a 52 week high of $89.39. The firm has a market capitalization of $16.99 billion, a P/E ratio of -149.72, a P/E/G ratio of 9.24 and a beta of 2.12. The firm has a fifty day simple moving average of $66.80 and a 200 day simple moving average of $73.30.

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.