Russell Investments Group Ltd. Has $5.49 Million Holdings in Zillow Group, Inc. $Z

Russell Investments Group Ltd. grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 19.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 78,347 shares of the financial services provider’s stock after purchasing an additional 12,552 shares during the quarter. Russell Investments Group Ltd.’s holdings in Zillow Group were worth $5,485,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in Zillow Group by 352.0% during the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 352 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. National Pension Service raised its holdings in shares of Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Zillow Group by 25.1% during the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 159 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Zillow Group by 46.0% during the 2nd quarter. GAMMA Investing LLC now owns 886 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 279 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on Z shares. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Sanford C. Bernstein upgraded Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Wednesday, September 17th. Oppenheimer assumed coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Finally, Mizuho raised shares of Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.14.

Insider Buying and Selling

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,722 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the transaction, the general counsel owned 37,974 shares of the company’s stock, valued at $2,559,827.34. This trade represents a 6.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 10,855 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.99, for a total value of $759,741.45. Following the completion of the transaction, the chief executive officer owned 134,712 shares in the company, valued at $9,428,492.88. The trade was a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 144,217 shares of company stock valued at $11,719,025 over the last 90 days. 25.03% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Shares of Z opened at $74.04 on Friday. The firm has a market capitalization of $17.92 billion, a P/E ratio of -528.82, a P/E/G ratio of 29.69 and a beta of 2.10. Zillow Group, Inc. has a 52 week low of $57.51 and a 52 week high of $93.88. The stock has a 50 day moving average price of $73.31 and a two-hundred day moving average price of $76.06.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $729.00 million for the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. On average, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

About Zillow Group

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.