Baillie Gifford & Co. Grows Position in Zillow Group, Inc. (Z)

Baillie Gifford & Co. lifted its position in Zillow Group, Inc. (NASDAQ:Z) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,977,907 shares of the financial services provider’s stock after acquiring an additional 44,418 shares during the period. Baillie Gifford & Co. owned 2.15% of Zillow Group worth $159,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Zillow Group by 3.2% during the 1st quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock worth $63,392,000 after purchasing an additional 59,060 shares during the period. Rhumbline Advisers grew its position in Zillow Group by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 113,564 shares of the financial services provider’s stock worth $5,566,000 after purchasing an additional 1,171 shares during the period. BlackRock Inc. grew its position in Zillow Group by 1,820.7% during the 1st quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after purchasing an additional 5,188,752 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Zillow Group by 7.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 412,250 shares of the financial services provider’s stock worth $20,204,000 after purchasing an additional 26,995 shares during the period. Finally, Principal Financial Group Inc. grew its position in Zillow Group by 5.8% during the 1st quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 597 shares during the period. 86.13% of the stock is currently owned by hedge funds and other institutional investors.

In other Zillow Group news, CEO Spencer M. Rascoff sold 20,941 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $39.39, for a total value of $824,865.99. Following the sale, the chief executive officer now owns 6,614 shares of the company’s stock, valued at $260,525.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Spencer M. Rascoff sold 20,940 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $39.57, for a total transaction of $828,595.80. Following the completion of the sale, the chief executive officer now directly owns 6,614 shares in the company, valued at approximately $261,715.98. The disclosure for this sale can be found here. Insiders have sold 64,132 shares of company stock worth $2,554,530 over the last 90 days. 21.72% of the stock is currently owned by company insiders.

WARNING: “Baillie Gifford & Co. Grows Position in Zillow Group, Inc. (Z)” was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.com-unik.info/2017/11/02/baillie-gifford-co-grows-position-in-zillow-group-inc-z.html.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million for the quarter.

Several equities research analysts have weighed in on Z shares. BidaskClub downgraded Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price target on shares of Zillow Group in a research report on Thursday, October 5th. Deutsche Bank AG increased their price target on Zillow Group to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Zillow Group has an average rating of “Buy” and a consensus target price of $46.64.

Zillow Group Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

What are top analysts saying about Zillow Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Zillow Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit