BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 11,725 Shares of Zillow Group, Inc. (NASDAQ:Z)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 63.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,145 shares of the financial services provider’s stock after purchasing an additional 11,725 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Zillow Group were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Concord Wealth Partners acquired a new stake in shares of Zillow Group during the 1st quarter worth about $26,000. Larson Financial Group LLC grew its stake in Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group during the first quarter worth approximately $37,000. Mather Group LLC. bought a new position in shares of Zillow Group in the first quarter valued at approximately $62,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Zillow Group by 77.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,415 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 618 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Trading Down 0.1 %

NASDAQ:Z opened at $65.48 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The business’s 50-day simple moving average is $54.88 and its 200-day simple moving average is $48.81. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $68.73. The stock has a market capitalization of $15.47 billion, a PE ratio of -94.90 and a beta of 1.94.

Zillow Group (NASDAQ:Z) last issued 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. The business had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. Sell-side analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Z has been the subject of a number of research analyst reports. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Finally, UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $63.20.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction that occurred 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 sale, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock valued at $11,780,363 in the last ninety days. 23.76% of the stock is currently owned by corporate 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.