Zillow Group, Inc. $Z Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in Zillow Group, raising its position by 213.1% and owning 65,795 shares worth $4,511,000 at the end of the last reporting period.
• Analyst ratings for Zillow Group show a mix of opinions, with one "Strong Buy," four "Buy," and eight "Hold" ratings, indicating an average target price of $88.29.
• Recent insider sales included Chairman Richard N. Barton selling 200,000 shares for approximately $16.98 million, resulting in a 19.17% decrease in his ownership stake.

Russell Investments Group Ltd. raised its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 213.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,795 shares of the financial services provider's stock after acquiring an additional 44,781 shares during the period. Russell Investments Group Ltd.'s holdings in Zillow Group were worth $4,511,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in Z. Mariner LLC grew its position in Zillow Group by 19.9% during the fourth quarter. Mariner LLC now owns 17,475 shares of the financial services provider's stock valued at $1,294,000 after acquiring an additional 2,897 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Zillow Group by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock worth $114,109,000 after buying an additional 65,724 shares during the period. First Trust Advisors LP purchased a new stake in shares of Zillow Group in the fourth quarter worth about $442,000. Natixis purchased a new stake in shares of Zillow Group in the fourth quarter worth about $80,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Zillow Group by 144.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,609 shares of the financial services provider's stock worth $786,000 after buying an additional 6,271 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on Z. Keefe, Bruyette & Woods decreased their target price 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. JPMorgan Chase & Co. increased their price target on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Bank of America increased their price target on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of "Hold" and an average price target of $88.29.

Insiders Place Their Bets

In related news, Chairman Richard N. Barton sold 200,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $84.92, for a total value of $16,984,000.00. Following the completion of the transaction, the chairman directly owned 843,248 shares of the company's stock, valued at $71,608,620.16. This represents a 19.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 11,275 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $85.73, for a total value of $966,605.75. Following the completion of the transaction, the chief executive officer directly owned 153,113 shares of the company's stock, valued at $13,126,377.49. This trade represents a 6.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 580,379 shares of company stock worth $49,319,729. 25.03% of the stock is owned by company insiders.

Zillow Group Price Performance

Shares of Z stock opened at $87.44 on Friday. Zillow Group, Inc. has a 12-month low of $52.86 and a 12-month high of $89.39. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of -336.31, a price-to-earnings-growth ratio of 15.33 and a beta of 2.09. The business has a 50 day simple moving average of $77.22 and a 200 day simple moving average of $72.82.

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.

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