Arizona State Retirement System cut its holdings in Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,473 shares of the financial services provider's stock after selling 1,477 shares during the period. Arizona State Retirement System's holdings in Zillow Group were worth $1,272,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Zillow Group by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,595 shares of the financial services provider's stock worth $1,262,000 after purchasing an additional 1,839 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Zillow Group by 38.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,878 shares of the financial services provider's stock worth $487,000 after purchasing an additional 2,746 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Zillow Group in the first quarter worth $531,000. Great West Life Assurance Co. Can increased its stake in shares of Zillow Group by 52.5% in the first quarter. Great West Life Assurance Co. Can now owns 102,746 shares of the financial services provider's stock worth $5,368,000 after purchasing an additional 35,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Zillow Group by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider's stock worth $33,103,000 after purchasing an additional 9,463 shares in the last quarter. 68.24% of the stock is currently owned by institutional investors.
Get Zillow Group alerts:Insider Activity at Zillow Group
In related news, CAO Jennifer Rock sold 2,600 shares of Zillow Group stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $38.34, for a total transaction of $99,684.00. Following the completion of the sale, the chief accounting officer now owns 62,161 shares in the company, valued at approximately $2,383,252.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Jennifer Rock sold 2,600 shares of Zillow Group stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $38.34, for a total transaction of $99,684.00. Following the completion of the sale, the chief accounting officer now owns 62,161 shares in the company, valued at approximately $2,383,252.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Spaulding sold 3,746 shares of the business's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $36.78, for a total transaction of $137,777.88. Following the completion of the sale, the insider now owns 30,763 shares of the company's stock, valued at approximately $1,131,463.14. The disclosure for this sale can be found here. Insiders sold 61,824 shares of company stock worth $2,241,083 in the last 90 days. 15.30% of the stock is owned by corporate insiders.
Zillow Group Trading Down 2.1 %
Zillow Group stock opened at $46.15 on Friday. The firm has a 50-day moving average price of $38.38 and a 200-day moving average price of $35.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.09 and a current ratio of 12.09. Zillow Group, Inc. has a 12-month low of $26.14 and a 12-month high of $65.88.Zillow Group (NASDAQ:Z – Get Rating) last released its earnings results on Wednesday, November 2nd. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $483.00 million during the quarter. Zillow Group had a negative return on equity of 3.16% and a negative net margin of 3.01%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on Z. Bank of America raised shares of Zillow Group from an "underperform" rating to a "buy" rating and raised their target price for the company from $22.00 to $42.00 in a research note on Monday, January 9th. Morgan Stanley raised 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 note on Wednesday, January 18th.
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.
Further Reading
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