Asset Management One Co. Ltd. Has $3.46 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

Asset Management One Co. Ltd. reduced its position in Zillow Group, Inc. (NASDAQ:Z) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,171 shares of the financial services provider’s stock after selling 3,021 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Zillow Group were worth $3,459,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the third quarter valued at $35,000. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Zillow Group in the second quarter worth about $61,000. 71.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now owns 70,342 shares of the company’s stock, valued at approximately $3,740,787.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Dan Spaulding sold 2,991 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, the insider now owns 70,342 shares of the company’s stock, valued at $3,740,787.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the sale, the insider now owns 22,464 shares in the company, valued at $1,217,099.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,596 shares of company stock valued at $3,938,581. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

NASDAQ Z opened at $73.89 on Friday. The company has a market cap of $17.10 billion, a PE ratio of -129.63 and a beta of 1.95. The stock’s 50 day simple moving average is $61.57 and its 200-day simple moving average is $52.03. Zillow Group, Inc. has a 1-year low of $35.44 and a 1-year high of $74.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.34% and a negative net margin of 6.17%. The business had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. As a group, equities research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

Z has been the topic of several recent analyst reports. Bank of America raised their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.33.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.