Pictet Asset Management Ltd. decreased its stake in Zillow Group, Inc. (NASDAQ:Z) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,900 shares of the financial services provider’s stock after selling 3,500 shares during the period. Pictet Asset Management Ltd.’s holdings in Zillow Group were worth $1,562,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. 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 valued at $184,301,000 after buying an additional 5,188,752 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Zillow Group by 949.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock valued at $144,869,000 after buying an additional 3,892,431 shares during the period. Wellington Management Group LLP raised its stake in shares of Zillow Group by 19.1% in the first quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock valued at $515,579,000 after buying an additional 2,452,824 shares during the period. SRS Investment Management LLC raised its stake in shares of Zillow Group by 89.3% in the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after buying an additional 2,202,599 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Zillow Group by 485.0% in the first quarter. Russell Investments Group Ltd. now owns 975,639 shares of the financial services provider’s stock valued at $32,853,000 after buying an additional 808,866 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Zillow Group, Inc. (Z) opened at 38.20 on Wednesday. The stock’s market capitalization is $7.08 billion. Zillow Group, Inc. has a 1-year low of $31.22 and a 1-year high of $51.23. The company has a 50 day moving average price of $44.57 and a 200-day moving average price of $40.61.
Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The business had revenue of $266.85 million for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. On average, equities research analysts forecast that Zillow Group, Inc. will post $0.52 EPS for the current fiscal year.
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Several research firms have commented on Z. Zacks Investment Research raised Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price target on shares of Zillow Group in a research report on Sunday, July 2nd. BidaskClub lowered Zillow Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.06.
In other news, insider Errol G. Samuelson sold 7,050 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $49.30, for a total value of $347,565.00. Following the completion of the transaction, the insider now owns 34,727 shares of the company’s stock, valued at approximately $1,712,041.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Amy Bohutinsky sold 147,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the completion of the transaction, the chief operating officer now directly owns 43,000 shares of the company’s stock, valued at approximately $1,944,890. The disclosure for this sale can be found here. Insiders sold a total of 232,230 shares of company stock valued at $10,547,807 in the last three months. 26.97% of the stock is owned by company insiders.
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