Pictet Asset Management Ltd. cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,000 shares of the financial services provider’s stock after selling 2,900 shares during the period. Pictet Asset Management Ltd.’s holdings in Zillow Group were worth $1,327,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in 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 valued at $184,301,000 after acquiring an additional 5,188,752 shares during the period. Tybourne Capital Management HK Ltd. grew its stake in Zillow Group by 53.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock valued at $175,220,000 after acquiring an additional 1,246,189 shares during the period. Caledonia Private Investments Pty Ltd grew its stake in Zillow Group by 3.0% in the second quarter. Caledonia Private Investments Pty Ltd now owns 26,741,104 shares of the financial services provider’s stock valued at $1,306,036,000 after acquiring an additional 781,207 shares during the period. Janus Henderson Group PLC grew its stake in Zillow Group by 5,641.9% in the second quarter. Janus Henderson Group PLC now owns 597,159 shares of the financial services provider’s stock valued at $29,267,000 after acquiring an additional 586,759 shares during the period. Finally, Vanguard Group Inc. grew its stake in Zillow Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after acquiring an additional 179,802 shares during the period. 86.13% of the stock is owned by institutional investors and hedge funds.

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Z has been the subject of several recent research reports. BidaskClub cut Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Canaccord Genuity upped their price objective on Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a research report on Thursday, October 5th. Finally, Deutsche Bank AG upped their price objective on Zillow Group to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Zillow Group has a consensus rating of “Hold” and an average price target of $47.44.

In other news, CTO David A. Beitel sold 57,189 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $39.34, for a total transaction of $2,249,815.26. Following the transaction, the chief technology officer now owns 5,977 shares in the company, valued at $235,135.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO David A. Beitel sold 739 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $39.60, for a total value of $29,264.40. Following the transaction, the chief technology officer now owns 32,609 shares in the company, valued at approximately $1,291,316.40. The disclosure for this sale can be found here. Insiders sold 135,071 shares of company stock worth $5,360,471 in the last 90 days. Corporate insiders own 21.72% of the company’s stock.

Shares of Zillow Group, Inc. (Z) opened at $39.07 on Wednesday. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a 52 week low of $32.56 and a 52 week high of $51.23.

About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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

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