Zillow Group, Inc. $Z Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 47.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 837,134 shares of the financial services provider’s stock after buying an additional 269,953 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.35% of Zillow Group worth $64,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of Z. Brighton Jones LLC grew its position in Zillow Group by 2.5% in the second quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 140 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Zillow Group by 25.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 159 shares in the last quarter. True Vision MN LLC increased its stake in Zillow Group by 2.1% during the 2nd quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock worth $544,000 after buying an additional 161 shares during the period. Empowered Funds LLC lifted its holdings in Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after buying an additional 171 shares in the last quarter. Finally, CWM LLC lifted its holdings in Zillow Group by 4.9% in the 3rd quarter. CWM LLC now owns 3,648 shares of the financial services provider’s stock worth $281,000 after buying an additional 172 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Z has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Wednesday, September 17th. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.83.

Zillow Group Trading Down 1.9%

Z stock opened at $67.55 on Thursday. The stock’s 50 day simple moving average is $70.68 and its 200 day simple moving average is $76.31. Zillow Group, Inc. has a 12-month low of $57.51 and a 12-month high of $93.88. The firm has a market cap of $16.35 billion, a P/E ratio of -482.47, a P/E/G ratio of 3.82 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The business had revenue of $729.00 million during the quarter, compared to analyst estimates of $670.28 million. On average, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.40, for a total value of $378,577.00. Following the sale, the insider owned 50,342 shares of the company’s stock, valued at approximately $3,493,734.80. This trade represents a 9.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 3,893 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total value of $276,870.16. Following the transaction, the chief technology officer owned 140,656 shares of the company’s stock, valued at approximately $10,003,454.72. The trade was a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,511 shares of company stock valued at $4,766,357 over the last ninety days. Insiders own 25.03% of the company’s stock.

Zillow Group Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.