Teacher Retirement System of Texas cut its stake in Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,215 shares of the financial services provider's stock after selling 2,598 shares during the period. Teacher Retirement System of Texas' holdings in Zillow Group were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider's stock valued at $1,166,953,000 after purchasing an additional 1,837,593 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Zillow Group by 803.7% during the 2nd quarter. Bridgewater Associates LP now owns 1,215,164 shares of the financial services provider's stock valued at $38,581,000 after acquiring an additional 1,080,700 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Zillow Group during the 1st quarter valued at about $46,880,000. Pacer Advisors Inc. acquired a new position in shares of Zillow Group during the 3rd quarter valued at about $27,011,000. Finally, National Bank of Canada FI boosted its position in shares of Zillow Group by 193.1% during the 2nd quarter. National Bank of Canada FI now owns 1,129,368 shares of the financial services provider's stock valued at $35,857,000 after acquiring an additional 744,085 shares during the last quarter. 68.24% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Trading Down 2.1 %

Shares of Z stock opened at $46.15 on Friday. Zillow Group, Inc. has a fifty-two week low of $26.14 and a fifty-two week high of $65.88. The stock has a market cap of $10.97 billion, a P/E ratio of -39.78 and a beta of 1.58. The business has a fifty day simple moving average of $38.38 and a 200-day simple moving average of $35.23. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

Several brokerages have recently weighed in on Z. Bank of America raised shares of Zillow Group from an "underperform" rating to a "buy" rating and boosted their price target for the company from $22.00 to $42.00 in a research report on Monday, January 9th. Morgan Stanley upped their target price on shares of Zillow Group from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 18th.

Insider Activity

In other news, insider Dan Spaulding sold 3,746 shares of Zillow Group stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total value of $137,777.88. Following the transaction, the insider now directly owns 30,763 shares of the company's stock, valued at approximately $1,131,463.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dan Spaulding sold 3,746 shares of the business's stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total transaction of $137,777.88. Following the transaction, the insider now directly owns 30,763 shares of the company's stock, valued at approximately $1,131,463.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 2,600 shares of Zillow Group stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $38.34, for a total value of $99,684.00. Following the sale, the chief accounting officer now owns 62,161 shares in the company, valued at $2,383,252.74. The disclosure for this sale can be found here. Insiders have sold 61,824 shares of company stock valued at $2,241,083 in the last three months. Corporate insiders own 15.30% of the company's stock.

Zillow Group Company Profile

(Get Rating)

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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