Public Employees Retirement System of Ohio grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,488 shares of the financial services provider’s stock after purchasing an additional 1,371 shares during the period. Public Employees Retirement System of Ohio’s holdings in Zillow Group were worth $2,082,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Zillow Group by 3.2% in the first quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock worth $63,392,000 after buying an additional 59,060 shares during the period. Rhumbline Advisers raised its position in shares of Zillow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 113,564 shares of the financial services provider’s stock valued at $5,566,000 after purchasing an additional 1,171 shares during the period. BlackRock Inc. grew 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 acquiring an additional 5,188,752 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Zillow Group by 7.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 412,250 shares of the financial services provider’s stock worth $20,204,000 after acquiring an additional 26,995 shares during the last quarter. Finally, Principal Financial Group Inc. grew 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 acquiring an additional 597 shares during the last quarter. 86.13% of the stock is currently owned by institutional investors and hedge funds.
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A number of brokerages have recently commented on Z. Deutsche Bank AG upped their price target on Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Benchmark Co. restated a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a research note on Thursday, October 5th. Finally, Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $46.64.
In other news, CTO David A. Beitel sold 739 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $39.60, for a total transaction of $29,264.40. Following the completion of the transaction, the chief technology officer now owns 32,609 shares in the company, valued at approximately $1,291,316.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 1,691 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $39.62, for a total transaction of $66,997.42. Following the transaction, the insider now owns 98,984 shares of the company’s stock, valued at approximately $3,921,746.08. The disclosure for this sale can be found here. Insiders sold 67,882 shares of company stock worth $2,709,855 in the last ninety days. Insiders own 21.72% of the company’s stock.
Shares of Zillow Group, Inc. (Z) opened at $40.48 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.70 and a current ratio of 6.70. Zillow Group, Inc. has a twelve month low of $32.56 and a twelve month high of $51.23.
Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. The company had revenue of $266.85 million for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%.
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.
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