Dai ichi Life Insurance Company Ltd Buys New Position in Zillow Group, Inc. (NASDAQ:Z)

Dai ichi Life Insurance Company Ltd purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,657 shares of the financial services provider’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Price T Rowe Associates Inc. MD increased its stake in Zillow Group by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock valued at $4,355,000 after purchasing an additional 4,830 shares during the period. Swedbank AB acquired a new position in Zillow Group in the 1st quarter valued at about $9,103,000. DNB Asset Management AS raised its stake in Zillow Group by 24.7% during the 2nd quarter. DNB Asset Management AS now owns 26,834 shares of the financial services provider’s stock valued at $1,245,000 after acquiring an additional 5,308 shares during the last quarter. SG Americas Securities LLC lifted its position in Zillow Group by 146.8% during the 2nd quarter. SG Americas Securities LLC now owns 146,246 shares of the financial services provider’s stock worth $6,784,000 after acquiring an additional 87,000 shares during the period. Finally, Gateway Investment Advisers LLC grew its stake in shares of Zillow Group by 946.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 178,207 shares of the financial services provider’s stock valued at $8,267,000 after purchasing an additional 161,172 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Trading Up 0.7 %

Shares of Z stock opened at $85.45 on Friday. The company has a market capitalization of $19.96 billion, a price-to-earnings ratio of -149.91 and a beta of 1.95. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $67.09 and a 200 day moving average price of $55.31. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.37.

Insiders Place Their Bets

In related news, Director Erik C. Blachford sold 1,413 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total value of $77,531.31. Following the sale, the director now directly owns 35,403 shares of the company’s stock, valued at approximately $1,942,562.61. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the transaction, the chief technology officer now directly owns 92 shares of the company’s stock, valued at $6,659.88. This trade represents a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,439 shares of company stock valued at $11,576,823 in the last quarter. 23.76% of the stock is currently owned by company insiders.

About Zillow Group

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.