Banque Pictet & Cie SA Buys 4,825 Shares of Zillow Group, Inc. (NASDAQ:Z)

Banque Pictet & Cie SA raised its stake in Zillow Group, Inc. (NASDAQ:ZGet Rating) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,636 shares of the financial services provider’s stock after purchasing an additional 4,825 shares during the quarter. Banque Pictet & Cie SA’s holdings in Zillow Group were worth $1,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. X Square Capital LLC increased its stake in shares of Zillow Group by 1.7% during the first quarter. X Square Capital LLC now owns 17,186 shares of the financial services provider’s stock valued at $847,000 after buying an additional 282 shares during the period. Ellevest Inc. increased its stake in shares of Zillow Group by 53.6% during the second quarter. Ellevest Inc. now owns 940 shares of the financial services provider’s stock valued at $30,000 after buying an additional 328 shares during the period. Park Avenue Securities LLC increased its stake in shares of Zillow Group by 2.7% during the second quarter. Park Avenue Securities LLC now owns 12,619 shares of the financial services provider’s stock valued at $401,000 after buying an additional 332 shares during the period. M&T Bank Corp increased its stake in shares of Zillow Group by 7.1% during the first quarter. M&T Bank Corp now owns 5,261 shares of the financial services provider’s stock valued at $260,000 after buying an additional 350 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Zillow Group by 2.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 13,624 shares of the financial services provider’s stock valued at $671,000 after buying an additional 353 shares during the period. Institutional investors own 70.83% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 3,486 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $36.43, for a total value of $126,994.98. Following the transaction, the chief accounting officer now owns 78,069 shares in the company, valued at approximately $2,844,053.67. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Susan Daimler sold 5,835 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $33.49, for a total value of $195,414.15. Following the transaction, the insider now owns 42,708 shares in the company, valued at approximately $1,430,290.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 3,486 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $36.43, for a total transaction of $126,994.98. Following the completion of the transaction, the chief accounting officer now owns 78,069 shares in the company, valued at approximately $2,844,053.67. The disclosure for this sale can be found here. Insiders have sold a total of 23,119 shares of company stock valued at $774,355 over the last ninety days. Company insiders own 15.30% of the company’s stock.

Zillow Group Stock Down 2.9 %

Shares of Z stock opened at $32.14 on Thursday. The business’s fifty day moving average is $31.42 and its 200 day moving average is $34.79. Zillow Group, Inc. has a twelve month low of $26.14 and a twelve month high of $67.00. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36.

Zillow Group (NASDAQ:ZGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported ($0.20) earnings per share for the quarter. The firm had revenue of $483.00 million during the quarter. Zillow Group had a negative return on equity of 3.16% and a negative net margin of 3.01%.

Analyst Upgrades and Downgrades

Z has been the topic of several research analyst reports. Morgan Stanley reduced their target price on Zillow Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, November 4th. Jefferies Financial Group reduced their target price on Zillow Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 6th.

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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