Public Employees Retirement System of Ohio Sells 2,813 Shares of Zillow Group, Inc. (NASDAQ:Z)

Public Employees Retirement System of Ohio lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,739 shares of the financial services provider’s stock after selling 2,813 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Zillow Group were worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of Z. FMR LLC lifted its stake in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the period. Dorsal Capital Management LP increased its position in Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Zillow Group by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock worth $66,032,000 after purchasing an additional 139,489 shares during the last quarter. Groupama Asset Managment acquired a new position in Zillow Group during the 3rd quarter valued at about $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zillow Group in the 3rd quarter valued at about $38,310,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Down 0.5 %

Shares of Z stock opened at $79.93 on Monday. The firm’s fifty day moving average price is $71.22 and its two-hundred day moving average price is $58.82. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The firm has a market capitalization of $18.67 billion, a P/E ratio of -140.23 and a beta of 2.01.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Morgan Stanley lifted their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Jefferies Financial Group increased their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,314 shares of company stock worth $11,782,498 in the last 90 days. Corporate insiders own 23.76% 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.