American Assets Capital Advisers LLC Increases Stock Holdings in Zillow Group, Inc. $Z

American Assets Capital Advisers LLC raised its position in Zillow Group, Inc. (NASDAQ:Z) by 129.5% in the 3rd quarter, Holdings Channel reports. The fund owned 15,621 shares of the financial services provider’s stock after purchasing an additional 8,813 shares during the period. Zillow Group accounts for 1.3% of American Assets Capital Advisers LLC’s holdings, making the stock its 22nd biggest holding. American Assets Capital Advisers LLC’s holdings in Zillow Group were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AGF Management Ltd. purchased a new position in shares of Zillow Group in the third quarter valued at $20,390,000. Jones Financial Companies Lllp boosted its position in Zillow Group by 16.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,688 shares of the financial services provider’s stock valued at $611,000 after buying an additional 1,071 shares during the last quarter. National Pension Service lifted its stake in shares of Zillow Group by 160.8% in the third quarter. National Pension Service now owns 6,626 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 4,085 shares in the last quarter. Arizona State Retirement System grew its stake in Zillow Group by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 48,753 shares of the financial services provider’s stock valued at $3,756,000 after purchasing an additional 894 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Zillow Group by 32.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after buying an additional 135 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Oppenheimer assumed coverage on Zillow Group in a report on Monday, October 6th. They set a “market perform” rating on the stock. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. BNP Paribas Exane raised shares of Zillow Group to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.83.

Zillow Group Price Performance

NASDAQ Z opened at $62.52 on Tuesday. Zillow Group, Inc. has a 12 month low of $57.51 and a 12 month high of $93.88. The firm has a market capitalization of $15.13 billion, a PE ratio of -446.54, a P/E/G ratio of 3.65 and a beta of 2.08. The company’s 50 day simple moving average is $69.66 and its 200 day simple moving average is $75.59.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 5,455 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.40, for a total value of $378,577.00. Following the sale, the insider directly owned 50,342 shares in the company, valued at $3,493,734.80. The trade was a 9.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeremy Wacksman sold 10,855 shares of Zillow Group stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.99, for a total transaction of $759,741.45. Following the completion of the transaction, the chief executive officer owned 134,712 shares in the company, valued at approximately $9,428,492.88. This trade represents a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 67,511 shares of company stock worth $4,766,357. Company insiders own 23.76% of the company’s stock.

About Zillow Group

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.