Nissay Asset Management Corp Japan ADV increased its position in shares of Zillow Group Inc (NASDAQ:Z) by 17.5% during the second quarter, HoldingsChannel.com reports. The firm owned 14,411 shares of the financial services provider’s stock after buying an additional 2,144 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Zillow Group were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sands Capital Management LLC acquired a new position in Zillow Group in the first quarter worth $142,696,000. Capital World Investors boosted its stake in Zillow Group by 238.3% in the first quarter. Capital World Investors now owns 1,776,028 shares of the financial services provider’s stock worth $63,973,000 after purchasing an additional 1,251,028 shares in the last quarter. Norges Bank acquired a new position in Zillow Group in the fourth quarter worth $54,982,000. Eminence Capital LP boosted its stake in Zillow Group by 36.1% in the first quarter. Eminence Capital LP now owns 4,394,300 shares of the financial services provider’s stock worth $158,283,000 after purchasing an additional 1,166,538 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Zillow Group in the first quarter worth $15,687,000. Institutional investors and hedge funds own 77.33% of the company’s stock.
In other Zillow Group news, CAO Jennifer Rock sold 901 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $46.98, for a total value of $42,328.98. Following the transaction, the chief accounting officer now owns 45,066 shares of the company’s stock, valued at $2,117,200.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Aimee Johnson sold 1,082 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $46.80, for a total value of $50,637.60. Following the completion of the transaction, the chief marketing officer now directly owns 69,851 shares in the company, valued at approximately $3,269,026.80. The disclosure for this sale can be found here. Insiders have sold 979,438 shares of company stock worth $63,338,773 in the last ninety days. 19.87% of the stock is currently owned by insiders.
Shares of Z opened at $68.39 on Friday. The company has a quick ratio of 4.15, a current ratio of 4.94 and a debt-to-equity ratio of 0.52. Zillow Group Inc has a 12-month low of $20.04 and a 12-month high of $71.00. The firm has a market capitalization of $14.56 billion, a PE ratio of -35.44 and a beta of 1.07. The stock’s fifty day simple moving average is $61.39 and its 200-day simple moving average is $50.42.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 11.75% and a negative return on equity of 9.76%. The firm had revenue of $1.13 billion for the quarter.
Z has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Zillow Group from $31.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. BidaskClub lowered Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 16th. Finally, Needham & Company LLC raised Zillow Group from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, June 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Zillow Group currently has a consensus rating of “Buy” and an average price target of $62.00.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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