Norris Perne & French LLP MI decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 8,700 shares of the financial services provider’s stock after selling 150 shares during the period. Norris Perne & French LLP MI’s holdings in Zillow Group were worth $426,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of Z. State Street Corp boosted its stake in shares of Zillow Group by 3.2% in the first quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock worth $63,392,000 after buying an additional 59,060 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Zillow Group by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock worth $369,000 after buying an additional 597 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Zillow Group by 1.4% in the first quarter. Clearbridge Investments LLC now owns 1,181,098 shares of the financial services provider’s stock worth $39,768,000 after buying an additional 16,056 shares during the last quarter. Morgan Stanley boosted its stake in shares of Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after buying an additional 767,765 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group, Inc. (NASDAQ Z) opened at 45.24 on Monday. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $51.23. The stock’s 50 day moving average price is $46.68 and its 200-day moving average price is $40.00. The stock’s market cap is $8.29 billion.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. Zillow Group had a negative return on equity of 5.65% and a negative net margin of 19.58%. The business had revenue of $245.78 million for the quarter. Equities research analysts predict that Zillow Group, Inc. will post $0.45 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Norris Perne & French LLP MI Has $426,000 Stake in Zillow Group, Inc. (Z)” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/07/norris-perne-french-llp-mi-has-426000-stake-in-zillow-group-inc-z.html.

A number of equities research analysts have recently commented on Z shares. BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $54.50 price objective (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Cowen and Company raised their price objective on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, May 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Zillow Group has an average rating of “Buy” and a consensus price target of $45.50.

In other Zillow Group news, CEO Spencer M. Rascoff sold 29,854 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $43.94, for a total value of $1,311,784.76. Following the sale, the chief executive officer now owns 120,146 shares of the company’s stock, valued at $5,279,215.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $44.50, for a total value of $605,200.00. Following the completion of the sale, the insider now directly owns 4,498,008 shares in the company, valued at approximately $200,161,356. The disclosure for this sale can be found here. Insiders have sold 379,800 shares of company stock worth $16,970,457 in the last ninety days. 26.97% of the stock is currently owned by corporate insiders.

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.