Asset Management One Co. Ltd. Purchases 2,563 Shares of Zillow Group, Inc. $Z

Asset Management One Co. Ltd. grew its position in Zillow Group, Inc. (NASDAQ:Z) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,925 shares of the financial services provider’s stock after purchasing an additional 2,563 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Zillow Group were worth $4,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 352 shares during the period. National Pension Service boosted its position in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC boosted its position in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Zillow Group in the first quarter worth approximately $49,000. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on Z shares. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research report on Wednesday, September 17th. JPMorgan Chase & Co. upped their target price on shares of Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Finally, Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $90.43.

Zillow Group Stock Down 1.4%

Zillow Group stock opened at $75.72 on Wednesday. The company has a market cap of $18.34 billion, a price-to-earnings ratio of -291.23, a PEG ratio of 26.25 and a beta of 2.13. The firm’s fifty day moving average is $80.35 and its 200 day moving average is $74.92. Zillow Group, Inc. has a 52-week low of $57.00 and a 52-week high of $93.88.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 25,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $89.99, for a total transaction of $2,249,750.00. Following the sale, the chief financial officer owned 84,146 shares of the company’s stock, valued at $7,572,298.54. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 25,575 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following 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 SEC filing for this sale provides additional information. Insiders have sold 657,087 shares of company stock valued at $56,286,479 over the last quarter. 23.76% of the stock is currently owned by insiders.

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.