Creative Planning cut its stake in Zillow Group, Inc. (NASDAQ:Z) by 11.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,946 shares of the financial services provider’s stock after selling 527 shares during the period. Creative Planning’s holdings in Zillow Group were worth $193,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD increased its position in Zillow Group by 0.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock worth $259,000 after buying an additional 27 shares during the last quarter. Hanseatic Management Services Inc. increased its position in Zillow Group by 0.3% in the first quarter. Hanseatic Management Services Inc. now owns 36,708 shares of the financial services provider’s stock worth $1,236,000 after buying an additional 115 shares during the last quarter. Bank of Montreal Can increased its position in Zillow Group by 0.4% in the second quarter. Bank of Montreal Can now owns 59,230 shares of the financial services provider’s stock worth $2,903,000 after buying an additional 263 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Zillow Group by 1.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,087 shares of the financial services provider’s stock worth $575,000 after buying an additional 290 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Zillow Group by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,700 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 500 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Shares of Zillow Group, Inc. (Z) traded down 9.89% during trading on Wednesday, reaching $43.19. 2,479,500 shares of the company traded hands. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $51.23. The stock’s market capitalization is $7.91 billion. The company has a 50-day moving average of $46.68 and a 200-day moving average of $40.00.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The business had revenue of $266.85 million during the quarter. Analysts forecast that Zillow Group, Inc. will post $0.45 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on Z shares. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a report on Sunday, July 2nd. BidaskClub downgraded shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. 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 report on Monday, May 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $54.50 price objective (up from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.06.

In related news, COO Amy Bohutinsky sold 147,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the completion of the sale, the chief operating officer now owns 43,000 shares of the company’s stock, valued at $1,944,890. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Spencer M. Rascoff sold 120,146 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $43.34, for a total transaction of $5,207,127.64. Following the sale, the chief executive officer now directly owns 120,146 shares of the company’s stock, valued at approximately $5,207,127.64. The disclosure for this sale can be found here. Insiders sold 379,800 shares of company stock worth $16,970,457 over the last 90 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)

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