ProShare Advisors LLC reduced its stake in shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,098 shares of the financial services provider's stock after selling 884 shares during the quarter. ProShare Advisors LLC's holdings in Zillow Group were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in Z. Park Avenue Securities LLC grew its holdings in shares of Zillow Group by 2.7% in the second quarter. Park Avenue Securities LLC now owns 12,619 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 332 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Zillow Group by 3.0% in the second quarter. Prudential Financial Inc. now owns 11,818 shares of the financial services provider's stock valued at $387,000 after purchasing an additional 349 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Zillow Group by 2.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 13,624 shares of the financial services provider's stock valued at $671,000 after purchasing an additional 353 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Zillow Group by 0.5% in the first quarter. Ensign Peak Advisors Inc now owns 69,300 shares of the financial services provider's stock valued at $3,416,000 after purchasing an additional 355 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in shares of Zillow Group by 371.7% in the first quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 394 shares in the last quarter. 68.24% of the stock is owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
Several analysts have recently weighed in on Z shares. Bank of America upgraded Zillow Group from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $22.00 to $42.00 in a research report on Monday, January 9th. Morgan Stanley lifted their target price on Zillow Group from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 18th.
Insider Transactions at Zillow Group
In other news, CFO Allen Parker sold 9,514 shares of the business's stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total transaction of $349,924.92. Following the sale, the chief financial officer now owns 170,968 shares in the company, valued at $6,288,203.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through
this hyperlink. In related news, COO Jeremy Wacksman sold 5,619 shares of the company'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 value of $206,666.82. Following the sale, the chief operating officer now owns 68,958 shares in the company, valued at $2,536,275.24. The sale was disclosed in a legal filing with the SEC, which is available through
this link. Also, CFO Allen Parker sold 9,514 shares of the company's stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $36.78, for a total value of $349,924.92. Following the completion of the sale, the chief financial officer now owns 170,968 shares in the company, valued at approximately $6,288,203.04. The disclosure for this sale can be found
here. Over the last 90 days, insiders have sold 61,824 shares of company stock worth $2,241,083. Insiders own 15.30% of the company's stock.
Zillow Group Trading Down 2.1 %
Z opened at $46.15 on Friday. The business's 50-day moving average is $38.38 and its two-hundred day moving average is $35.23. Zillow Group, Inc. has a 1 year low of $26.14 and a 1 year high of $65.88. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 0.36.
Zillow Group (NASDAQ:Z – Get Rating) last posted its earnings results on Wednesday, November 2nd. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%. The company had revenue of $483.00 million during the quarter.
Zillow Group Company Profile
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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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