State Street Corp raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,882,809 shares of the financial services provider’s stock after buying an additional 59,060 shares during the period. State Street Corp owned 1.03% of Zillow Group worth $63,392,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in Z. Principal Financial Group Inc. raised its stake in shares of Zillow Group by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock worth $369,000 after buying an additional 597 shares during the period. BlackRock Inc. raised its stake in shares of Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares during the period. Morgan Stanley raised its stake in shares of Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after buying an additional 767,765 shares during the period. Norges Bank purchased a new stake in shares of Zillow Group during the fourth quarter worth about $26,689,000. Finally, Wells Fargo & Company MN raised its stake in shares of Zillow Group by 11.1% in the first quarter. Wells Fargo & Company MN now owns 56,482 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 5,622 shares during the period. 91.81% of the stock is currently owned by institutional investors.
Zillow Group, Inc. (NASDAQ Z) opened at 47.50 on Tuesday. The stock’s market capitalization is $8.70 billion. The company’s 50-day moving average is $46.68 and its 200-day moving average is $40.00. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $51.23.
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Several research firms have recently commented on Z. BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 target price (up from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Cowen and Company raised their target price on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, May 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price (up from $41.00) on shares of Zillow Group in a research report on Friday, May 5th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.06.
In related news, insider Greg M. Schwartz sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.56, for a total value of $170,850.00. Following the completion of the sale, the insider now directly owns 3,750 shares of the company’s stock, valued at $170,850. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Amy Bohutinsky sold 147,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the completion of the sale, the chief operating officer now directly owns 43,000 shares of the company’s stock, valued at $1,944,890. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 379,800 shares of company stock worth $16,970,457. Company insiders own 26.97% of the company’s stock.
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