SRS Investment Management LLC lifted its holdings in shares of Zillow Group Inc (NASDAQ:Z) by 35.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,960,740 shares of the financial services provider’s stock after purchasing an additional 1,556,872 shares during the period. Zillow Group comprises approximately 5.9% of SRS Investment Management LLC’s holdings, making the stock its 5th biggest holding. SRS Investment Management LLC owned 2.91% of Zillow Group worth $276,519,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Zillow Group by 27.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,288 shares of the financial services provider’s stock worth $17,947,000 after acquiring an additional 122,884 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Zillow Group by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,224,472 shares of the financial services provider’s stock valued at $38,642,000 after acquiring an additional 47,328 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Zillow Group by 4.7% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,983 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 539 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Zillow Group by 34.5% during the 1st quarter. Toronto Dominion Bank now owns 22,531 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 5,785 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Zillow Group by 11.4% during the 1st quarter. CIBC Asset Management Inc now owns 9,141 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 936 shares in the last quarter. 69.23% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:Z traded down $0.20 during mid-day trading on Friday, hitting $30.54. The stock had a trading volume of 79,287 shares, compared to its average volume of 2,781,248. The company has a quick ratio of 2.76, a current ratio of 3.67 and a debt-to-equity ratio of 0.28. Zillow Group Inc has a 12-month low of $26.38 and a 12-month high of $51.47. The company’s 50 day moving average is $36.62 and its 200-day moving average is $40.06.
In related news, CAO Jennifer Rock sold 1,950 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $35.73, for a total value of $69,673.50. Following the transaction, the chief accounting officer now directly owns 35,105 shares in the company, valued at approximately $1,254,301.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Lloyd D. Frink sold 12,500 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $47.43, for a total transaction of $592,875.00. Following the completion of the sale, the chairman now directly owns 3,288,108 shares of the company’s stock, valued at $155,954,962.44. The disclosure for this sale can be found here. Insiders sold a total of 136,441 shares of company stock worth $6,017,205 over the last quarter. 19.87% of the stock is currently owned by company insiders.
Z has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Morgan Stanley cut their price objective on shares of Zillow Group from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. KeyCorp cut their price objective on shares of Zillow Group from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, TheStreet lowered shares of Zillow Group from a “c-” rating to a “d+” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Zillow Group currently has a consensus rating of “Hold” and a consensus target price of $41.26.
Zillow Group Profile
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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