Zillow Group, Inc. (NASDAQ:Z) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Zillow Group, Inc. (NASDAQ:Z) by 146.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,246 shares of the financial services provider’s stock after acquiring an additional 87,000 shares during the quarter. SG Americas Securities LLC owned 0.06% of Zillow Group worth $6,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Zillow Group in the fourth quarter valued at $34,718,000. International Assets Investment Management LLC acquired a new position in shares of Zillow Group during the 4th quarter worth $9,983,000. True Vision MN LLC acquired a new position in shares of Zillow Group during the 4th quarter worth $442,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Zillow Group by 30.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 669,892 shares of the financial services provider’s stock worth $32,677,000 after buying an additional 156,249 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Zillow Group by 100.7% during the 4th quarter. Allianz Asset Management GmbH now owns 37,248 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 18,686 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 2,640 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $44.17, for a total transaction of $116,608.80. Following the completion of the transaction, the chief accounting officer now directly owns 83,744 shares in the company, valued at approximately $3,698,972.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Jennifer Rock sold 2,640 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $44.17, for a total value of $116,608.80. Following the completion of the transaction, the chief accounting officer now owns 83,744 shares of the company’s stock, valued at $3,698,972.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares of the company’s stock, valued at approximately $29,583.06. The disclosure for this sale can be found here. Insiders sold a total of 210,394 shares of company stock worth $10,279,878 in the last three months. 23.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on Z. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday. Wedbush reissued a “neutral” rating and issued a $50.00 target price on shares of Zillow Group in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

Zillow Group Stock Up 5.1 %

Shares of Z traded up $2.52 during trading on Friday, reaching $51.92. The company’s stock had a trading volume of 5,964,574 shares, compared to its average volume of 3,939,813. The company has a fifty day moving average of $47.23 and a two-hundred day moving average of $48.35. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $61.13. The company has a market cap of $12.26 billion, a price-to-earnings ratio of -75.25 and a beta of 1.98. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21.

Zillow Group 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.