Cerity Partners LLC Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

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

A number of other hedge funds have also modified their holdings of the business. TB Alternative Assets Ltd. lifted its holdings in shares of Zillow Group by 49.0% during the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider’s stock worth $39,142,000 after purchasing an additional 187,671 shares during the period. G&S Capital LLC lifted its holdings in Zillow Group by 132.2% in the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 19,319 shares during the period. Gotham Asset Management LLC acquired a new stake in Zillow Group in the fourth quarter valued at $442,000. Optas LLC lifted its holdings in Zillow Group by 117.5% in the first quarter. Optas LLC now owns 12,205 shares of the financial services provider’s stock valued at $837,000 after acquiring an additional 6,594 shares during the period. Finally, Altimeter Capital Management LP raised its stake in shares of Zillow Group by 52.0% during the 4th quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider’s stock worth $96,320,000 after buying an additional 445,158 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Zillow Group

In related news, Director Erik C. Blachford sold 965 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $70.35, for a total value of $67,887.75. Following the sale, the director owned 35,474 shares of the company’s stock, valued at $2,495,595.90. The trade was a 2.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 3,466 shares of Zillow Group stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.96, for a total value of $239,015.36. Following the completion of the transaction, the general counsel owned 47,215 shares of the company’s stock, valued at approximately $3,255,946.40. The trade was a 6.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,093 shares of company stock worth $6,989,688 in the last three months. Company insiders own 25.03% of the company’s stock.

Zillow Group Stock Performance

Shares of Z stock opened at $77.76 on Tuesday. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of -228.71, a PEG ratio of 14.31 and a beta of 2.11. The stock’s 50 day simple moving average is $70.51 and its 200 day simple moving average is $71.98. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39.

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.