American Century Companies Inc. Has $1.56 Million Holdings in Zillow Group, Inc. $Z

American Century Companies Inc. trimmed its position in Zillow Group, Inc. (NASDAQ:Z) by 96.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,702 shares of the financial services provider’s stock after selling 620,108 shares during the quarter. American Century Companies Inc.’s holdings in Zillow Group were worth $1,556,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the period. National Pension Service lifted its holdings in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after buying an additional 196 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Zillow Group during the first quarter valued at $49,000. Finally, Parallel Advisors LLC raised its position in Zillow Group by 141.8% during the first quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider’s stock valued at $115,000 after buying an additional 984 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Bank of America raised their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Zillow Group has an average rating of “Hold” and a consensus target price of $88.29.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $81.81 on Wednesday. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of -314.65, a P/E/G ratio of 15.88 and a beta of 2.04. The firm’s 50 day simple moving average is $79.45 and its 200 day simple moving average is $72.78. Zillow Group, Inc. has a fifty-two week low of $52.86 and a fifty-two week high of $89.39.

Insider Buying and Selling

In other Zillow Group news, Director Thielke Claire Cormier sold 8,247 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $79.86, for a total transaction of $658,605.42. Following the sale, the director directly owned 725 shares in the company, valued at approximately $57,898.50. This trade represents a 91.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard N. Barton sold 200,000 shares of the 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 transaction, the chairman owned 843,248 shares of the company’s stock, valued at approximately $71,608,620.16. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 580,379 shares of company stock worth $49,319,729 over the last ninety days. Insiders own 23.76% 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.