Nomura Holdings Inc. Buys 27,613 Shares of Zillow Group, Inc. (NASDAQ:Z)

Nomura Holdings Inc. boosted its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 254.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,460 shares of the financial services provider's stock after purchasing an additional 27,613 shares during the quarter. Nomura Holdings Inc.'s holdings in Zillow Group were worth $2,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of Z. National Bank of Canada FI bought a new stake in Zillow Group in the 4th quarter worth approximately $55,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after purchasing an additional 741 shares during the period. Blue Trust Inc. increased its stake in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after buying an additional 367 shares during the period. Finally, Natixis purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $80,000. Institutional investors own 71.01% of the company's stock.

Insider Activity

In other news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. The trade was a 38.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,154 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the transaction, the general counsel now directly owns 50,681 shares in the company, valued at $3,483,811.94. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,741 shares of company stock worth $11,414,034 over the last ninety days. Corporate insiders own 25.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Stock Performance

Shares of Z traded down $2.02 during trading hours on Monday, hitting $67.79. The stock had a trading volume of 1,704,559 shares, compared to its average volume of 3,232,366. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The firm has a market cap of $16.44 billion, a P/E ratio of -144.23, a P/E/G ratio of 9.24 and a beta of 2.23. The company's fifty day simple moving average is $67.29 and its 200 day simple moving average is $74.01.

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.