Zillow Group, Inc. (NASDAQ:Z) Stock Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 221.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,321 shares of the financial services provider’s stock after acquiring an additional 46,355 shares during the period. SG Americas Securities LLC’s holdings in Zillow Group were worth $4,616,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 196 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Zillow Group during the 4th quarter valued at $55,000. Assetmark Inc. increased its position in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 741 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 367 shares during the period. Finally, Natixis acquired a new position in shares of Zillow Group during the 4th quarter valued at $80,000. Institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 5,997 shares of Zillow Group stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the transaction, the chief accounting officer now owns 58,320 shares in the company, valued at approximately $3,969,259.20. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jun Choo sold 11,725 shares of Zillow Group stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the transaction, the chief operating officer now owns 130,186 shares in the company, valued at $8,952,891.22. This represents a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,706 shares of company stock worth $7,182,022 in the last three months. 25.03% of the stock is currently owned by insiders.

Zillow Group Stock Up 0.9%

Shares of NASDAQ Z opened at $71.77 on Friday. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of -152.70, a PEG ratio of 9.24 and a beta of 2.12. The stock’s fifty day simple moving average is $66.61 and its 200 day simple moving average is $73.40. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on Z. William Blair began coverage on Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating on the stock. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Wells Fargo & Company upgraded Zillow Group to a “hold” rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered their price target on Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.71.

Zillow Group Company Profile

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.