APG Asset Management N.V. Buys 13,600 Shares of Zillow Group, Inc. (NASDAQ:Z)

APG Asset Management N.V. increased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 182.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 21,058 shares of the financial services provider’s stock after acquiring an additional 13,600 shares during the quarter. APG Asset Management N.V.’s holdings in Zillow Group were worth $911,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of Z. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Zillow Group by 63.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,145 shares of the financial services provider’s stock valued at $1,398,000 after purchasing an additional 11,725 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Zillow Group by 6.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 15,778 shares of the financial services provider’s stock worth $732,000 after buying an additional 916 shares during the last quarter. Symmetry Investments LP acquired a new stake in Zillow Group in the second quarter valued at about $464,000. Canada Pension Plan Investment Board grew its position in Zillow Group by 28.4% in the second quarter. Canada Pension Plan Investment Board now owns 191,200 shares of the financial services provider’s stock valued at $8,870,000 after acquiring an additional 42,300 shares during the last quarter. Finally, Edgestream Partners L.P. raised its stake in Zillow Group by 89.3% during the second quarter. Edgestream Partners L.P. now owns 18,359 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 8,660 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on Z shares. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.20.

Zillow Group Stock Down 2.5 %

Shares of Z opened at $63.85 on Tuesday. The stock’s 50-day moving average price is $55.12 and its two-hundred day moving average price is $48.87. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $68.73. The company has a market capitalization of $15.08 billion, a PE ratio of -92.54 and a beta of 1.94. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. On average, analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.

Insider Transactions at Zillow Group

In other news, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares of the company’s stock, valued at approximately $29,583.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the transaction, the chairman now owns 582 shares in the company, valued at approximately $29,583.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the transaction, the general counsel now directly owns 35,259 shares in the company, valued at $1,873,310.67. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock worth $11,780,363 over the last three months. 23.76% of the stock is owned by company insiders.

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.