Zillow Group, Inc. (NASDAQ:Z) Stake Lessened by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its holdings in Zillow Group, Inc. (NASDAQ:ZFree Report) by 31.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,888 shares of the financial services provider’s stock after selling 50,233 shares during the period. Achmea Investment Management B.V.’s holdings in Zillow Group were worth $5,026,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Zillow Group by 7.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,595 shares of the financial services provider’s stock worth $1,262,000 after acquiring an additional 1,839 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Zillow Group by 38.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,878 shares of the financial services provider’s stock worth $487,000 after buying an additional 2,746 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Zillow Group during the first quarter worth $531,000. Great West Life Assurance Co. Can grew its position in shares of Zillow Group by 52.5% in the first quarter. Great West Life Assurance Co. Can now owns 102,746 shares of the financial services provider’s stock valued at $5,368,000 after purchasing an additional 35,379 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Zillow Group by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider’s stock valued at $33,103,000 after purchasing an additional 9,463 shares during the last quarter. Hedge funds and other institutional investors own 71.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on Z shares. TheStreet downgraded Zillow Group from a “c-” rating to a “d+” rating in a research report on Thursday, October 5th. Morgan Stanley decreased their target price on Zillow Group from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.50.

Get Our Latest Research Report on Zillow Group

Zillow Group Price Performance

Z traded up $1.46 during midday trading on Friday, reaching $56.55. 2,733,541 shares of the company’s stock were exchanged, compared to its average volume of 3,031,539. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of -84.48 and a beta of 1.80. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.23. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $59.86. The business has a 50-day simple moving average of $50.93 and a two-hundred day simple moving average of $48.65.

Zillow Group (NASDAQ:ZGet Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported ($0.12) earnings per share for the quarter. Zillow Group had a negative return on equity of 2.30% and a negative net margin of 8.24%. The company had revenue of $496.00 million during the quarter. As a group, research analysts predict that Zillow Group, Inc. will post -0.65 EPS for the current year.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 3,685 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $38.90, for a total transaction of $143,346.50. Following the transaction, the insider now owns 53,059 shares in the company, valued at approximately $2,063,995.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Jeremy Wacksman sold 4,505 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $40.84, for a total value of $183,984.20. Following the completion of the transaction, the chief operating officer now owns 77,090 shares of the company’s stock, valued at approximately $3,148,355.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Daimler sold 3,685 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $38.90, for a total transaction of $143,346.50. Following the completion of the transaction, the insider now directly owns 53,059 shares of the company’s stock, valued at approximately $2,063,995.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,923 shares of company stock valued at $2,899,105. 15.30% of the stock is owned by company insiders.

About Zillow Group

(Free Report)

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.

See Also

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:ZFree Report).

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

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