California Public Employees Retirement System raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,848 shares of the financial services provider’s stock after purchasing an additional 1,338 shares during the period. California Public Employees Retirement System owned 0.12% of Zillow Group worth $8,880,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC purchased a new stake in shares of Zillow Group in the 3rd quarter worth approximately $130,000. D.A. Davidson & CO. grew its stake in shares of Zillow Group by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after buying an additional 57 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Zillow Group by 878.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,830 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of Zillow Group in the 2nd quarter worth approximately $167,000. Finally, Toronto Dominion Bank grew its stake in shares of Zillow Group by 246.7% in the 3rd quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after buying an additional 3,143 shares during the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the company. Canaccord Genuity increased their target price on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub downgraded Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $47.44.
In other Zillow Group news, insider Errol G. Samuelson sold 6,883 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $41.49, for a total transaction of $285,575.67. Following the sale, the insider now directly owns 30,365 shares of the company’s stock, valued at $1,259,843.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Spencer M. Rascoff sold 141,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $39.54, for a total value of $5,594,910.00. Following the sale, the chief executive officer now directly owns 73,279 shares in the company, valued at $2,897,451.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 612,156 shares of company stock worth $24,712,800. Company insiders own 21.72% of the company’s stock.
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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