Sumitomo Mitsui Trust Group Inc. Sells 13,668 Shares of Zillow Group, Inc. $Z

Sumitomo Mitsui Trust Group Inc. decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 567,181 shares of the financial services provider’s stock after selling 13,668 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Zillow Group were worth $39,731,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of Z. GAMMA Investing LLC lifted its holdings in Zillow Group by 47.7% in the first 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 during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Zillow Group by 28.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,618 shares of the financial services provider’s stock valued at $797,000 after buying an additional 2,585 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Zillow Group by 77.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,237 shares of the financial services provider’s stock valued at $428,000 after buying an additional 2,729 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Zillow Group by 5.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 59,362 shares of the financial services provider’s stock valued at $4,070,000 after buying an additional 3,116 shares in the last quarter. Finally, G&S Capital LLC lifted its position in shares of Zillow Group by 132.2% during the 1st quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider’s stock valued at $2,326,000 after buying an additional 19,319 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on Z shares. Mizuho raised Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Wednesday, September 17th. Bank of America lifted their target price on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Gordon Haskett raised Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Oppenheimer began coverage on Zillow Group in a research note on Monday, October 6th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.43.

Zillow Group Price Performance

NASDAQ:Z opened at $76.76 on Tuesday. Zillow Group, Inc. has a 1 year low of $57.00 and a 1 year high of $93.88. The stock’s 50 day simple moving average is $80.50 and its two-hundred day simple moving average is $74.82. The company has a market cap of $18.60 billion, a price-to-earnings ratio of -295.23, a PEG ratio of 26.37 and a beta of 2.13.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 22,510 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $90.97, for a total value of $2,047,734.70. Following the sale, the chief technology officer owned 144,549 shares of the company’s stock, valued at $13,149,622.53. The trade was a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jun Choo sold 25,575 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $91.06, for a total value of $2,328,859.50. Following the completion of the sale, the chief operating officer directly owned 114,129 shares in the company, valued at approximately $10,392,586.74. The trade was a 18.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 657,087 shares of company stock worth $56,286,479. Insiders own 25.03% of the company’s stock.

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.