Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by National Pension Service

National Pension Service boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 74.8% in the first quarter, HoldingsChannel.com reports. The firm owned 577 shares of the financial services provider’s stock after purchasing an additional 247 shares during the quarter. National Pension Service’s holdings in Zillow Group were worth $40,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Zillow Group by 2.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 56,318 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 1,243 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Zillow Group by 4.7% during the fourth quarter. Russell Investments Group Ltd. now owns 21,014 shares of the financial services provider’s stock valued at $1,556,000 after acquiring an additional 948 shares during the period. Cerity Partners LLC lifted its position in shares of Zillow Group by 63.4% in the 4th quarter. Cerity Partners LLC now owns 12,260 shares of the financial services provider’s stock valued at $885,000 after acquiring an additional 4,756 shares in the last quarter. Mariner LLC boosted its stake in Zillow Group by 19.9% in the 4th quarter. Mariner LLC now owns 17,475 shares of the financial services provider’s stock worth $1,294,000 after purchasing an additional 2,897 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Zillow Group by 12.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 214,600 shares of the financial services provider’s stock worth $15,891,000 after purchasing an additional 23,400 shares during the period. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $85.11 on Friday. Zillow Group, Inc. has a 52 week low of $52.45 and a 52 week high of $89.39. The firm has a market capitalization of $20.55 billion, a PE ratio of -327.35, a PEG ratio of 13.83 and a beta of 2.09. The business’s 50-day simple moving average is $75.96 and its 200-day simple moving average is $72.74.

Analyst Ratings Changes

Several brokerages have recently commented on Z. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their target price on Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Bank of America boosted their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. William Blair began coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a research note on Monday, April 28th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $88.29.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 3,014 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.35, for a total transaction of $257,244.90. Following the transaction, the general counsel owned 42,593 shares of the company’s stock, valued at approximately $3,635,312.55. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 8,168 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.35, for a total transaction of $697,138.80. Following the transaction, the chief financial officer owned 84,146 shares in the company, valued at approximately $7,181,861.10. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,379 shares of company stock worth $19,483,729. Insiders own 25.03% of the company’s stock.

Zillow Group Company Profile

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.