Allianz Asset Management GmbH Sells 2,292 Shares of Zillow Group, Inc. $Z

Allianz Asset Management GmbH decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 20.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,096 shares of the financial services provider’s stock after selling 2,292 shares during the period. Allianz Asset Management GmbH’s holdings in Zillow Group were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. GAMMA Investing LLC lifted its stake in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Zillow Group by 28.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,618 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 2,585 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Zillow Group by 77.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,237 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,729 shares during the period. Asset Management One Co. Ltd. lifted its stake in Zillow Group by 5.5% during the first quarter. Asset Management One Co. Ltd. now owns 59,362 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 3,116 shares during the period. Finally, G&S Capital LLC lifted its stake in Zillow Group by 132.2% during the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 19,319 shares during the period. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on Z shares. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Oppenheimer initiated coverage on shares of Zillow Group in a research note on Monday, October 6th. They issued a “market perform” rating for the company. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, September 17th. Finally, Bank of America lifted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $90.43.

Zillow Group Stock Performance

Shares of Z opened at $76.76 on Tuesday. The firm has a market cap of $18.60 billion, a P/E ratio of -295.23, a price-to-earnings-growth ratio of 26.37 and a beta of 2.13. The firm’s 50-day simple moving average is $80.50 and its 200 day simple moving average is $74.82. Zillow Group, Inc. has a 52 week low of $57.00 and a 52 week high of $93.88.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 25,575 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the sale, the chief operating officer owned 114,129 shares in the company, valued at approximately $10,392,586.74. This trade represents a 18.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director April Underwood sold 3,621 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $90.12, for a total transaction of $326,324.52. Following the sale, the director owned 483 shares in the company, valued at $43,527.96. This represents a 88.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 657,087 shares of company stock worth $56,286,479 in the last three months. Company insiders own 25.03% 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.