Raymond James Financial Inc. Has $3.19 Million Stock Holdings in Zillow Group, Inc. $Z

Raymond James Financial Inc. cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 27.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,506 shares of the financial services provider's stock after selling 17,196 shares during the quarter. Raymond James Financial Inc.'s holdings in Zillow Group were worth $3,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Ethic Inc. grew its position in Zillow Group by 13.3% during the fourth quarter. Ethic Inc. now owns 8,827 shares of the financial services provider's stock worth $654,000 after buying an additional 1,037 shares during the period. Ensign Peak Advisors Inc raised its stake in Zillow Group by 9.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 58,258 shares of the financial services provider's stock worth $4,314,000 after purchasing an additional 5,000 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth $442,000. Occudo Quantitative Strategies LP increased its holdings in shares of Zillow Group by 12.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 14,527 shares of the financial services provider's stock worth $1,076,000 after buying an additional 1,570 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth $437,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on Z. Bank of America raised their price target on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.29.

Zillow Group Trading Up 4.3%

Shares of Z traded up $3.68 on Thursday, reaching $89.39. 1,786,167 shares of the company's stock were exchanged, compared to its average volume of 2,654,599. The stock has a market capitalization of $21.66 billion, a P/E ratio of -343.71, a price-to-earnings-growth ratio of 9.14 and a beta of 2.04. The business has a 50 day moving average price of $81.41 and a two-hundred day moving average price of $73.13. Zillow Group, Inc. has a 12 month low of $55.46 and a 12 month high of $91.93.

Insider Buying and Selling

In related news, Chairman Richard N. Barton sold 200,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were 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 owned 843,248 shares of the company's stock, valued at approximately $71,608,620.16. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Hofmann sold 25,000 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $89.99, for a total transaction of $2,249,750.00. Following the completion of the transaction, the chief financial officer directly owned 84,146 shares of the company's stock, valued at approximately $7,572,298.54. This trade represents a 22.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 657,087 shares of company stock valued at $56,286,479. 25.03% of the stock is owned by corporate insiders.

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.