Zillow Group, Inc. $Z Shares Sold by Swedbank AB

Swedbank AB trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 9.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,529 shares of the financial services provider's stock after selling 12,076 shares during the quarter. Swedbank AB's holdings in Zillow Group were worth $8,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of Z. IFP Advisors Inc grew its position 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 in the last quarter. National Pension Service grew its holdings in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 247 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Zillow Group by 47.7% in 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Zillow Group in the first quarter worth $49,000. Finally, Parallel Advisors LLC grew its stake in shares of Zillow Group by 141.8% in the first quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider's stock worth $115,000 after acquiring an additional 984 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on Z shares. Bank of America boosted their price objective on Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein upgraded shares of Zillow Group from a "market perform" rating to an "outperform" rating and set a $105.00 price target for the company in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average price target of $90.38.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 25,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the sale, the chief financial officer directly owned 84,146 shares in the company, valued at $7,572,298.54. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director April Underwood sold 3,621 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $90.12, for a total value of $326,324.52. Following the completion of the sale, the director owned 483 shares of the company's stock, valued at approximately $43,527.96. This trade represents a 88.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 657,087 shares of company stock worth $56,286,479. Company insiders own 25.03% of the company's stock.

Zillow Group Stock Performance

Shares of Z stock opened at $86.74 on Monday. The firm has a market capitalization of $21.01 billion, a PE ratio of -333.62, a price-to-earnings-growth ratio of 24.15 and a beta of 2.04. The stock has a fifty day moving average of $83.36 and a two-hundred day moving average of $73.71. Zillow Group, Inc. has a 1 year low of $57.00 and a 1 year high of $93.88.

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.

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