Zillow Group, Inc. $Z Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Zillow Group, Inc. by 24.6% in the first quarter, ending up with 9,053 shares valued at $620,000.
• COO Jun Choo sold 45,710 shares at an average price of $85.21, marking a 28.08% decrease in his ownership, while CEO Jeremy Wacksman also sold 11,275 shares with a 6.86% decrease in his stake.
• Zillow Group's shares opened at $85.11 and have a market cap of $20.55 billion, with a fifty-two week range between $52.45 and $89.39.

Gulf International Bank UK Ltd lowered its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 24.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,053 shares of the financial services provider's stock after selling 2,957 shares during the period. Gulf International Bank UK Ltd's holdings in Zillow Group were worth $620,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TB Alternative Assets Ltd. increased its position in shares of Zillow Group by 49.0% during the 1st quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock valued at $39,142,000 after purchasing an additional 187,671 shares during the last quarter. American Assets Investment Management LLC bought a new stake in Zillow Group during the first quarter valued at approximately $468,000. Alberta Investment Management Corp purchased a new stake in Zillow Group during the first quarter valued at approximately $3,661,000. Cerity Partners LLC increased its holdings in Zillow Group by 67.0% during the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock valued at $1,404,000 after buying an additional 8,215 shares during the last quarter. Finally, G&S Capital LLC raised its position in Zillow Group by 132.2% in the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider's stock worth $2,326,000 after acquiring an additional 19,319 shares during the period. Institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Z has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods cut their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. Wedbush restated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. Finally, Bank of America boosted their price objective 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 issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Zillow Group presently has an average rating of "Hold" and an average price target of $88.29.

Zillow Group Trading Down 2.9%

Shares of Z traded down $2.40 during mid-day trading on Wednesday, hitting $81.10. The company's stock had a trading volume of 1,988,884 shares, compared to its average volume of 2,667,322. The company's 50-day moving average is $76.49 and its 200-day moving average is $72.75. Zillow Group, Inc. has a 52-week low of $52.86 and a 52-week high of $89.39. The firm has a market capitalization of $19.65 billion, a price-to-earnings ratio of -311.92, a PEG ratio of 15.91 and a beta of 2.09.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 8,168 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.35, for a total transaction of $697,138.80. Following the sale, the chief financial officer owned 84,146 shares of the company's stock, valued at $7,181,861.10. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bradley D. Owens sold 3,014 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.35, for a total transaction of $257,244.90. Following the completion of the transaction, the general counsel owned 42,593 shares of the company's stock, valued at $3,635,312.55. This represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 580,379 shares of company stock valued at $49,319,729 over the last 90 days. Insiders own 23.76% of the company's stock.

Zillow Group Company 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.