Zillow Group, Inc. $Z Shares Bought 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. boosted its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 213.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 65,795 shares of the financial services provider's stock after acquiring an additional 44,781 shares during the quarter. Russell Investments Group Ltd.'s holdings in Zillow Group were worth $4,511,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 338 shares during the period. GAMMA Investing LLC grew its stake in Zillow Group by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 196 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Zillow Group in the 1st quarter valued at $49,000. Natixis acquired a new stake in Zillow Group in the 4th quarter valued at $80,000. Finally, Point72 Hong Kong Ltd purchased a new position in Zillow Group in the 4th quarter valued at $119,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Buying and Selling at Zillow Group

In other news, CEO Jeremy Wacksman sold 11,275 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $85.73, for a total transaction of $966,605.75. Following the completion of the sale, the chief executive officer owned 153,113 shares in the company, valued at $13,126,377.49. This represents a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard N. Barton sold 150,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $85.68, for a total value of $12,852,000.00. Following the sale, the chairman owned 2,501,225 shares of the company's stock, valued at $214,304,958. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 580,379 shares of company stock valued at $49,319,729. Corporate insiders own 25.03% of the company's stock.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of research reports. Bank of America raised their price objective on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Keefe, Bruyette & Woods decreased their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. One 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.29.

Zillow Group Trading Up 1.3%

Shares of Zillow Group stock traded up $1.11 during trading hours on Thursday, hitting $85.30. 1,256,706 shares of the company were exchanged, compared to its average volume of 3,201,537. Zillow Group, Inc. has a 1 year low of $52.86 and a 1 year high of $89.39. The business has a 50-day moving average of $78.59 and a 200-day moving average of $72.78. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of -328.08, a P/E/G ratio of 15.86 and a beta of 2.09.

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.