Asset Management One Co. Ltd. Acquires 2,563 Shares of Zillow Group, Inc. $Z

Asset Management One Co. Ltd. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,925 shares of the financial services provider’s stock after acquiring an additional 2,563 shares during the period. Asset Management One Co. Ltd.’s holdings in Zillow Group were worth $4,338,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jump Financial LLC purchased a new position in Zillow Group during the first quarter valued at approximately $334,000. American Assets Investment Management LLC purchased a new position in Zillow Group during the first quarter valued at approximately $468,000. Alberta Investment Management Corp purchased a new position in Zillow Group during the first quarter valued at approximately $3,661,000. Cerity Partners LLC grew its stake in Zillow Group by 67.0% in the 1st quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider’s stock worth $1,404,000 after buying an additional 8,215 shares in the last quarter. Finally, Tredje AP fonden grew its stake in Zillow Group by 12.7% in the 1st quarter. Tredje AP fonden now owns 126,332 shares of the financial services provider’s stock worth $8,661,000 after buying an additional 14,191 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity

In other news, insider Dan Spaulding sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.91, for a total transaction of $8,591,000.00. Following the completion of the transaction, the insider directly owned 68,889 shares of the company’s stock, valued at $5,918,253.99. The trade was a 59.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 45,710 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total transaction of $3,894,949.10. Following the transaction, the chief operating officer directly owned 117,098 shares of the company’s stock, valued at $9,977,920.58. The trade was a 28.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 657,087 shares of company stock valued at $56,286,479 over the last three months. Corporate insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Sanford C. Bernstein raised shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Wednesday, September 17th. Bank of America boosted their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $90.43.

Zillow Group Stock Down 1.4%

Z opened at $75.72 on Wednesday. The firm has a 50 day moving average price of $80.35 and a 200-day moving average price of $74.92. Zillow Group, Inc. has a twelve month low of $57.00 and a twelve month high of $93.88. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of -291.23, a PEG ratio of 26.25 and a beta of 2.13.

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.