Zillow Group, Inc. $Z Shares Acquired by Ethic Inc.

Ethic Inc. lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 15.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,165 shares of the financial services provider’s stock after purchasing an additional 1,338 shares during the period. Ethic Inc.’s holdings in Zillow Group were worth $709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares in the last quarter. National Pension Service increased its position in shares of Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Zillow Group during the first quarter worth about $49,000. Finally, Natixis acquired a new stake in shares of Zillow Group during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling

In other Zillow Group news, CEO Jeremy Wacksman sold 11,275 shares of Zillow Group stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $85.73, for a total value of $966,605.75. Following the sale, the chief executive officer owned 153,113 shares of the company’s stock, valued at approximately $13,126,377.49. The trade was a 6.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley D. Owens sold 3,014 shares of Zillow Group stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.35, for a total value of $257,244.90. Following the completion of the sale, the general counsel directly owned 42,593 shares in the company, valued at $3,635,312.55. This represents a 6.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 580,379 shares of company stock worth $49,319,729 in the last three months. Company insiders own 25.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded Zillow Group to a “hold” rating in a research report on Monday, April 28th. Bank of America boosted their price target on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.29.

Zillow Group Trading Down 2.9%

Shares of Z opened at $81.10 on Thursday. Zillow Group, Inc. has a twelve month low of $52.86 and a twelve month high of $89.39. The stock’s 50 day moving average is $76.69 and its two-hundred day moving average is $72.81. The firm has a market capitalization of $19.65 billion, a PE ratio of -311.92, a P/E/G ratio of 15.73 and a beta of 2.09.

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.