Zillow Group, Inc. (NASDAQ:Z) Position Lifted by Kessler Investment Group LLC

Kessler Investment Group LLC increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 9.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 94,458 shares of the financial services provider’s stock after acquiring an additional 8,302 shares during the quarter. Zillow Group comprises 3.2% of Kessler Investment Group LLC’s holdings, making the stock its 9th largest position. Kessler Investment Group LLC’s holdings in Zillow Group were worth $6,476,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in Z. PNC Financial Services Group Inc. increased its position in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance increased its position in Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 120 shares during the period. Brown Brothers Harriman & Co. increased its position in Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock valued at $529,000 after purchasing an additional 148 shares during the period. DoubleLine ETF Adviser LP increased its position in Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 163 shares during the period. Finally, GAMMA Investing LLC increased its position 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 purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 0.8%

Shares of Zillow Group stock opened at $69.74 on Friday. The company has a market cap of $16.84 billion, a P/E ratio of -205.12, a PEG ratio of 12.79 and a beta of 2.12. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The firm’s 50 day moving average price is $67.97 and its 200-day moving average price is $72.30.

Insiders Place Their Bets

In other Zillow Group news, Director Erik C. Blachford sold 965 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.35, for a total transaction of $67,887.75. Following the sale, the director now owns 35,474 shares of the company’s stock, valued at approximately $2,495,595.90. The trade was a 2.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Rock sold 5,997 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 58,320 shares in the company, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,093 shares of company stock valued at $6,989,688. Insiders own 25.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on Z. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Keefe, Bruyette & Woods cut their target price on shares of 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. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a research report on Monday, April 28th. Finally, William Blair began coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating on the stock. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $83.71.

Zillow Group 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.