Mirae Asset Global Investments Co. Ltd. Purchases 17,051 Shares of Zillow Group, Inc. $Z

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 717.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,427 shares of the financial services provider’s stock after acquiring an additional 17,051 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Zillow Group were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in Zillow Group by 4.7% during the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 171 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Zillow Group by 21.7% during the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after buying an additional 3,653 shares in the last quarter. Truist Financial Corp lifted its position in shares of Zillow Group by 133.7% during the 2nd quarter. Truist Financial Corp now owns 7,816 shares of the financial services provider’s stock worth $548,000 after buying an additional 4,471 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Zillow Group by 842.2% in the second quarter. QRG Capital Management Inc. now owns 28,437 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 25,419 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in Zillow Group by 1.5% in the second quarter. KLP Kapitalforvaltning AS now owns 65,968 shares of the financial services provider’s stock valued at $4,621,000 after buying an additional 1,000 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

NASDAQ:Z opened at $56.54 on Thursday. Zillow Group, Inc. has a one year low of $55.83 and a one year high of $93.88. The company has a market cap of $13.69 billion, a PE ratio of -403.83, a P/E/G ratio of 3.42 and a beta of 2.08. The firm’s 50 day simple moving average is $68.99 and its 200 day simple moving average is $75.33.

Wall Street Analyst Weigh In

Several brokerages have commented on Z. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Exane BNP Paribas upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Finally, BNP Paribas Exane upgraded shares of Zillow Group to a “strong-buy” rating in a report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.83.

Insider Activity at Zillow Group

In related news, CTO David A. Beitel sold 3,893 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total value of $276,870.16. Following the sale, the chief technology officer owned 140,656 shares of the company’s stock, valued at $10,003,454.72. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Errol G. Samuelson sold 7,641 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total value of $543,504.33. Following the completion of the sale, the insider owned 120,815 shares of the company’s stock, valued at $8,593,570.95. The trade was a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,511 shares of company stock valued at $4,766,357 in the last quarter. Insiders own 25.03% of the company’s stock.

Zillow Group Company 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.