Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 47.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,793 shares of the financial services provider's stock after selling 17,675 shares during the period. Y Intercept Hong Kong Ltd's holdings in Zillow Group were worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in Z. Brown Brothers Harriman & Co. increased its holdings in shares of Zillow Group by 2.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after buying an additional 148 shares during the period. DoubleLine ETF Adviser LP increased its holdings in Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 163 shares during the period. Flynn Zito Capital Management LLC lifted its holdings in Zillow Group by 4.5% in the 1st quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider's stock worth $264,000 after buying an additional 166 shares during the period. True Vision MN LLC grew its position in shares of Zillow Group by 2.4% in the 1st quarter. True Vision MN LLC now owns 7,599 shares of the financial services provider's stock worth $521,000 after buying an additional 176 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Zillow Group by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Z has been the topic of several research reports. William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. JPMorgan Chase & Co. cut 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. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.71.

Zillow Group Stock Up 0.9%

Zillow Group stock traded up $0.76 during midday trading on Friday, reaching $81.16. The stock had a trading volume of 1,929,159 shares, compared to its average volume of 2,633,474. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of -238.71, a price-to-earnings-growth ratio of 14.88 and a beta of 2.11. The company has a fifty day moving average of $71.33 and a 200 day moving average of $72.15.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,959 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $549,011.82. Following the transaction, the chief financial officer directly owned 97,481 shares of the company's stock, valued at approximately $6,724,239.38. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Errol G. Samuelson sold 6,962 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total transaction of $477,802.06. Following the transaction, the insider directly owned 135,674 shares in the company, valued at approximately $9,311,306.62. This trade represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,093 shares of company stock valued at $6,989,688. 25.03% of the stock is owned by corporate insiders.

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.