HighTower Advisors LLC Decreases Stock Holdings in Zillow Group, Inc. $Z

HighTower Advisors LLC trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,154 shares of the financial services provider’s stock after selling 2,298 shares during the period. HighTower Advisors LLC’s holdings in Zillow Group were worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 338 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Zillow Group during the 1st quarter worth approximately $49,000. Parallel Advisors LLC raised its holdings in shares of Zillow Group by 141.8% during the 1st quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 984 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $119,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Down 0.6%

Shares of NASDAQ:Z opened at $86.94 on Tuesday. Zillow Group, Inc. has a 52-week low of $52.86 and a 52-week high of $89.39. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of -334.38, a PEG ratio of 16.47 and a beta of 2.09. The business has a 50-day moving average price of $77.54 and a 200-day moving average price of $72.63.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company raised Zillow Group to a “hold” rating in a report on Monday, April 28th. Bank of America boosted their target price on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. 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 reissued an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their target price on Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.29.

Insider Transactions at Zillow Group

In other news, Chairman Richard N. Barton sold 200,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $84.92, for a total value of $16,984,000.00. Following the completion of the transaction, the chairman directly owned 843,248 shares in the company, valued at $71,608,620.16. This trade represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thielke Claire Cormier sold 8,247 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $79.86, for a total value of $658,605.42. Following the completion of the transaction, the director owned 725 shares of the company’s stock, valued at approximately $57,898.50. The trade was a 91.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 580,379 shares of company stock valued at $49,319,729. 23.76% of the stock is owned by company insiders.

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.