Zillow Group Inc Class C (Z) Position Cut by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its stake in Zillow Group Inc Class C (NASDAQ:Z) by 15.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,700 shares of the financial services provider’s stock after selling 3,900 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Zillow Group Inc Class C were worth $1,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of Z. Caledonia Private Investments Pty Ltd raised its holdings in shares of Zillow Group Inc Class C by 5.9% during the first quarter. Caledonia Private Investments Pty Ltd now owns 30,321,115 shares of the financial services provider’s stock worth $1,631,276,000 after purchasing an additional 1,684,867 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Zillow Group Inc Class C by 101.7% during the second quarter. Baillie Gifford & Co. now owns 9,927,622 shares of the financial services provider’s stock worth $586,325,000 after purchasing an additional 5,005,076 shares during the period. Global Thematic Partners LLC acquired a new stake in shares of Zillow Group Inc Class C during the second quarter worth $43,301,000. Janus Henderson Group PLC raised its holdings in shares of Zillow Group Inc Class C by 10.5% during the second quarter. Janus Henderson Group PLC now owns 709,256 shares of the financial services provider’s stock worth $41,889,000 after purchasing an additional 67,271 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Zillow Group Inc Class C by 5.7% during the first quarter. Northern Trust Corp now owns 704,872 shares of the financial services provider’s stock worth $37,922,000 after purchasing an additional 38,170 shares during the period. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Zillow Group Inc Class C from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. BidaskClub lowered shares of Zillow Group Inc Class C from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Morgan Stanley upped their price target on shares of Zillow Group Inc Class C from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Bank of America lowered shares of Zillow Group Inc Class C from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 7th. Finally, KeyCorp lowered their price target on shares of Zillow Group Inc Class C from $63.00 to $56.00 and set an “overweight” rating for the company in a research report on Tuesday, August 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Zillow Group Inc Class C presently has an average rating of “Buy” and an average price target of $56.11.

Zillow Group Inc Class C stock opened at $46.54 on Friday. The stock has a market cap of $9.61 billion, a PE ratio of 310.27 and a beta of 0.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.18 and a quick ratio of 8.13. Zillow Group Inc Class C has a one year low of $38.25 and a one year high of $65.70.

Zillow Group Inc Class C (NASDAQ:Z) last announced its earnings results on Monday, August 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. The firm had revenue of $325.25 million during the quarter. Zillow Group Inc Class C had a negative net margin of 7.54% and a positive return on equity of 0.23%.

In related news, CEO Spencer M. Rascoff sold 57,518 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $46.95, for a total value of $2,700,470.10. Following the completion of the transaction, the chief executive officer now owns 68,200 shares in the company, valued at approximately $3,201,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Greg M. Schwartz sold 5,400 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $48.34, for a total transaction of $261,036.00. Following the completion of the transaction, the insider now owns 1,800 shares of the company’s stock, valued at approximately $87,012. The disclosure for this sale can be found here. Insiders sold a total of 275,347 shares of company stock valued at $14,801,938 in the last quarter. 21.72% of the stock is currently owned by insiders.

Zillow Group Inc Class C 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 consumers 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.

Read More: What is a closed-end mutual fund (CEF)?

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 Class C (NASDAQ:Z).

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

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