Mirae Asset Global Investments Co. Ltd. Purchases 1,924 Shares of Zillow Group, Inc. $Z

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 425.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,376 shares of the financial services provider’s stock after acquiring an additional 1,924 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zillow Group were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in Z. Vanguard Group Inc. lifted its position in shares of Zillow Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock worth $1,548,767,000 after purchasing an additional 1,628,577 shares in the last quarter. Ninety One UK Ltd boosted its position in Zillow Group by 17.4% during the second quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider’s stock valued at $331,473,000 after purchasing an additional 702,445 shares during the last quarter. Atreides Management LP acquired a new position in Zillow Group during the first quarter valued at approximately $32,159,000. AQR Capital Management LLC boosted its position in Zillow Group by 320.0% during the first quarter. AQR Capital Management LLC now owns 550,217 shares of the financial services provider’s stock valued at $37,222,000 after purchasing an additional 419,202 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Zillow Group during the first quarter valued at approximately $24,709,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Z stock opened at $69.69 on Friday. The stock has a market capitalization of $16.88 billion, a PE ratio of -268.04, a price-to-earnings-growth ratio of 23.83 and a beta of 2.13. The company’s 50-day moving average is $82.35 and its 200-day moving average is $74.15. Zillow Group, Inc. has a 1 year low of $57.00 and a 1 year high of $93.88.

Insider Activity

In related news, Director Erik C. Blachford sold 966 shares of Zillow Group stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total value of $79,125.06. Following the completion of the sale, the director owned 34,508 shares of the company’s stock, valued at approximately $2,826,550.28. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director April Underwood sold 3,621 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $90.12, for a total transaction of $326,324.52. Following the completion of the transaction, the director directly owned 483 shares in the company, valued at $43,527.96. This trade represents a 88.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 657,087 shares of company stock valued at $56,286,479. Corporate insiders own 25.03% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Zillow Group in a report on Monday, October 6th. They set a “market perform” rating on the stock. Sanford C. Bernstein raised shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, September 17th. Mizuho raised shares of Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $90.38.

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.