TD Private Client Wealth LLC Boosts Holdings in Zillow Group, Inc. $Z

TD Private Client Wealth LLC increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 352.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452 shares of the financial services provider’s stock after purchasing an additional 352 shares during the quarter. TD Private Client Wealth LLC’s holdings in Zillow Group were worth $32,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Zillow Group during the 1st quarter worth approximately $334,000. TB Alternative Assets Ltd. boosted its position in shares of Zillow Group by 49.0% in the 1st quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider’s stock valued at $39,142,000 after purchasing an additional 187,671 shares during the period. American Assets Investment Management LLC acquired a new position in shares of Zillow Group in the 1st quarter valued at $468,000. Alberta Investment Management Corp acquired a new stake in shares of Zillow Group during the first quarter worth about $3,661,000. Finally, Cerity Partners LLC increased its holdings in shares of Zillow Group by 67.0% in the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 8,215 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on Z shares. Sanford C. Bernstein upgraded Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research note on Wednesday, September 17th. JPMorgan Chase & Co. upped their target price on shares of Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Bank of America raised their price objective on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Zillow Group Trading Down 4.3%

Z opened at $77.05 on Wednesday. Zillow Group, Inc. has a twelve month low of $57.00 and a twelve month high of $93.88. The company has a fifty day simple moving average of $83.53 and a 200 day simple moving average of $74.07. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of -296.35, a PEG ratio of 22.43 and a beta of 2.04.

Insiders Place Their Bets

In related news, Director Erik C. Blachford sold 966 shares of Zillow Group stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $81.91, for a total value of $79,125.06. Following the completion of the transaction, the director directly owned 34,508 shares in the company, valued at approximately $2,826,550.28. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Hofmann sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the sale, the chief financial officer owned 84,146 shares of the company’s stock, valued at $7,572,298.54. This trade represents a 22.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 657,087 shares of company stock worth $56,286,479. Company insiders own 23.76% of the company’s stock.

About Zillow Group

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.