Cerity Partners LLC Acquires 8,215 Shares of Zillow Group, Inc. (NASDAQ:Z)

Cerity Partners LLC increased its holdings in Zillow Group, Inc. (NASDAQ:Z) by 67.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,475 shares of the financial services provider’s stock after purchasing an additional 8,215 shares during the period. Cerity Partners LLC’s holdings in Zillow Group were worth $1,404,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in Zillow Group by 2.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after acquiring an additional 148 shares in the last quarter. DoubleLine ETF Adviser LP lifted its stake in shares of Zillow Group by 1.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 163 shares during the last quarter. True Vision MN LLC lifted its stake in Zillow Group by 2.4% during the 1st quarter. True Vision MN LLC now owns 7,599 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 176 shares in the last quarter. GAMMA Investing LLC lifted its stake in Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 196 shares in the last quarter. Finally, Keel Point LLC raised its position in Zillow Group by 1.7% in the 4th quarter. Keel Point LLC now owns 13,760 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 234 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $77.76 on Tuesday. The company has a fifty day moving average of $70.51 and a 200-day moving average of $71.98. The company has a market capitalization of $18.78 billion, a PE ratio of -228.71, a price-to-earnings-growth ratio of 14.31 and a beta of 2.11. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39.

Wall Street Analyst Weigh In

Several research firms have recently commented on Z. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. William Blair started coverage on Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Insider Activity

In related news, CFO Jeremy Hofmann sold 7,959 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $549,011.82. Following the sale, the chief financial officer owned 97,481 shares in the company, valued at $6,724,239.38. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gordon Sheridan Stephenson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total transaction of $706,900.00. Following the transaction, the director directly owned 28,290 shares of the company’s stock, valued at $1,999,820.10. This represents a 26.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,093 shares of company stock valued at $6,989,688. Corporate insiders own 25.03% of the company’s stock.

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.