Sumitomo Mitsui Trust Group Inc. Trims Position in Zillow Group, Inc. $Z

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 21.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 610,589 shares of the financial services provider’s stock after selling 165,549 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Zillow Group were worth $25,266,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new stake in Zillow Group during the 4th quarter valued at approximately $196,677,000. Scge Management L.P. purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $133,990,000. L1 Capital Pty Ltd increased its holdings in shares of Zillow Group by 24,803.7% in the fourth quarter. L1 Capital Pty Ltd now owns 1,729,313 shares of the financial services provider’s stock valued at $117,974,000 after purchasing an additional 1,722,369 shares during the period. Soma Equity Partners LP increased its holdings in shares of Zillow Group by 389.5% in the third quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after purchasing an additional 1,168,492 shares during the period. Finally, Amundi raised its stake in shares of Zillow Group by 183.8% during the fourth quarter. Amundi now owns 1,632,369 shares of the financial services provider’s stock worth $111,360,000 after purchasing an additional 1,057,192 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $32.19 on Tuesday. The company has a market cap of $7.37 billion, a P/E ratio of 128.76, a price-to-earnings-growth ratio of 1.38 and a beta of 1.98. Zillow Group, Inc. has a one year low of $29.23 and a one year high of $93.88. The business has a fifty day moving average of $34.97 and a two-hundred day moving average of $46.04.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. Sell-side analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada lowered their target price on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, June 10th. UBS Group dropped their price target on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $74.14.

Insider Activity at Zillow Group

In other news, insider Errol G. Samuelson sold 2,939 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $37.97, for a total transaction of $111,593.83. Following the sale, the insider owned 134,039 shares of the company’s stock, valued at $5,089,460.83. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dan Spaulding sold 3,078 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. This represents a 5.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,910 shares of company stock valued at $1,605,732 in the last ninety days. Company insiders own 23.76% of the company’s stock.

Key Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Neutral Sentiment: Rosen Law Firm reminded investors of an August 10, 2026 lead-plaintiff deadline in an existing securities class action against Zillow Group. Article Title
• Neutral Sentiment: Bronstein, Gewirtz & Grossman said a class action has been filed against Zillow and certain officers over alleged federal securities law violations. Article Title
• Neutral Sentiment: BFA Law said it is reviewing claims that Zillow made misrepresentations tied to an alleged anticompetitive agreement, adding to the ongoing legal overhang. Article Title
• Neutral Sentiment: The Schall Law Firm said it is investigating potential securities-law violations by Zillow, focusing on possible false or misleading statements. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target on Zillow from $50 to $37, signaling more cautious valuation expectations. Article Title

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.