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Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Zillow Group logo with Computer and Technology background

Sumitomo Mitsui Trust Group Inc. lessened its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 580,849 shares of the financial services provider's stock after selling 6,057 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Zillow Group worth $39,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in Z. GAMMA Investing LLC boosted 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 during the last quarter. National Bank of Canada FI acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $55,000. Assetmark Inc. grew its position in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 741 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Stock Up 2.0%

Zillow Group stock traded up $1.45 during mid-day trading on Thursday, hitting $72.45. The company had a trading volume of 1,278,389 shares, compared to its average volume of 2,988,370. Zillow Group, Inc. has a 1 year low of $41.67 and a 1 year high of $89.39. The business has a fifty day moving average of $68.61 and a 200 day moving average of $72.03. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of -213.09, a PEG ratio of 13.11 and a beta of 2.11.

Insider Transactions at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 3,466 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.96, for a total value of $239,015.36. Following the completion of the sale, the general counsel owned 47,215 shares of the company's stock, valued at approximately $3,255,946.40. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,959 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $549,011.82. Following the completion of the transaction, the chief financial officer owned 97,481 shares of the company's stock, valued at $6,724,239.38. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,093 shares of company stock worth $6,989,688 over the last 90 days. Company insiders own 25.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on Z. JPMorgan Chase & Co. dropped their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lowered their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Finally, William Blair began coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Check Out Our Latest Stock Analysis on Zillow Group

About Zillow Group

(Free Report)

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.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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