Raymond James & Associates lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 57.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,866 shares of the financial services provider's stock after selling 14,684 shares during the period. Raymond James & Associates' holdings in Zillow Group were worth $311,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Zillow Group by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider's stock worth $1,166,953,000 after buying an additional 1,837,593 shares during the last quarter. Bridgewater Associates LP boosted its stake in Zillow Group by 803.7% in the 2nd quarter. Bridgewater Associates LP now owns 1,215,164 shares of the financial services provider's stock worth $38,581,000 after buying an additional 1,080,700 shares during the last quarter. National Bank of Canada FI boosted its stake in Zillow Group by 193.1% in the 2nd quarter. National Bank of Canada FI now owns 1,129,368 shares of the financial services provider's stock worth $35,857,000 after buying an additional 744,085 shares during the last quarter. Northern Trust Corp boosted its stake in Zillow Group by 0.5% in the 1st quarter. Northern Trust Corp now owns 1,031,436 shares of the financial services provider's stock worth $50,840,000 after buying an additional 5,117 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Zillow Group by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 962,014 shares of the financial services provider's stock worth $30,544,000 after buying an additional 10,900 shares during the last quarter. Institutional investors and hedge funds own 68.24% of the company's stock.
Get Zillow Group alerts:Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Morgan Stanley raised their price objective on Zillow Group from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 18th. Bank of America upgraded Zillow Group from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $22.00 to $42.00 in a report on Monday, January 9th.
Zillow Group Trading Down 2.1 %
NASDAQ Z opened at $46.15 on Friday. Zillow Group, Inc. has a 12 month low of $26.14 and a 12 month high of $65.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 12.09 and a quick ratio of 12.09. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of -39.78 and a beta of 1.58. The company's fifty day moving average price is $38.38 and its two-hundred day moving average price is $35.23.Zillow Group (NASDAQ:Z – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported ($0.20) 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 for the quarter.
Insider Transactions at Zillow Group
In other news, CAO Jennifer Rock sold 2,600 shares of the firm's stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $38.34, for a total value of $99,684.00. Following the transaction, the chief accounting officer now directly owns 62,161 shares in the company, valued at approximately $2,383,252.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Jennifer Rock sold 2,600 shares of the stock in a transaction dated Friday, December 2nd. The shares were 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 of the company's stock, valued at approximately $2,383,252.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 4,375 shares of the stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $35.99, for a total transaction of $157,456.25. Following the completion of the sale, the insider now directly owns 32,589 shares in the company, valued at approximately $1,172,878.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,824 shares of company stock worth $2,241,083. 15.30% of the stock is currently owned by insiders.
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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