Daiwa Securities Group Inc. Has $401,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Daiwa Securities Group Inc. lessened its position in Zillow Group, Inc. (NASDAQ:ZGet Rating) by 30.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,136 shares of the financial services provider’s stock after selling 3,607 shares during the period. Daiwa Securities Group Inc.’s holdings in Zillow Group were worth $401,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. raised its holdings in shares of Zillow Group by 86.2% in the first quarter. Westside Investment Management Inc. now owns 540 shares of the financial services provider’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. Cornerstone Advisory LLC bought a new position in shares of Zillow Group in the fourth quarter valued at about $42,000. Retirement Planning Co of New England Inc. bought a new position in shares of Zillow Group in the fourth quarter valued at about $69,000. City State Bank bought a new position in shares of Zillow Group in the fourth quarter valued at about $71,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of Zillow Group by 190.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 1,450 shares of the financial services provider’s stock valued at $72,000 after buying an additional 950 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $36.21 on Monday. The stock has a market capitalization of $8.92 billion, a P/E ratio of -16.31 and a beta of 1.45. Zillow Group, Inc. has a 1-year low of $28.61 and a 1-year high of $112.86. The company has a current ratio of 3.98, a quick ratio of 3.57 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $36.03 and a two-hundred day moving average price of $45.37.

Zillow Group (NASDAQ:ZGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.19 earnings per share for the quarter. The firm had revenue of $4.26 billion during the quarter. Zillow Group had a negative return on equity of 7.61% and a negative net margin of 5.04%.

Insiders Place Their Bets

In other news, CTO David A. Beitel sold 1,280 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $41.38, for a total value of $52,966.40. Following the completion of the sale, the chief technology officer now directly owns 89,593 shares of the company’s stock, valued at approximately $3,707,358.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CTO David A. Beitel sold 1,280 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $41.38, for a total value of $52,966.40. Following the completion of the sale, the chief technology officer now directly owns 89,593 shares of the company’s stock, valued at approximately $3,707,358.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 1,965 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $41.21, for a total value of $80,977.65. Following the completion of the sale, the chief accounting officer now directly owns 69,571 shares of the company’s stock, valued at $2,867,020.91. The disclosure for this sale can be found here. In the last three months, insiders sold 28,641 shares of company stock valued at $1,146,023. 15.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on Z. Morgan Stanley cut their price target on Zillow Group from $54.00 to $42.00 and set an “equal weight” rating for the company in a report on Thursday. Piper Sandler cut their price target on Zillow Group from $57.00 to $39.00 in a report on Friday, May 6th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

Zillow Group Profile

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Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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