First Trust Advisors LP increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 32.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 284,145 shares of the financial services provider’s stock after purchasing an additional 69,627 shares during the quarter. First Trust Advisors LP owned approximately 0.15% of Zillow Group worth $11,425,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd raised its holdings in Zillow Group by 3.0% during 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. Vanguard Group Inc. raised its holdings in Zillow Group by 2.2% during 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. BlackRock Inc. raised its holdings in Zillow Group by 1,820.7% during 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. Baillie Gifford & Co. raised its holdings in Zillow Group by 4.1% during the second quarter. Baillie Gifford & Co. now owns 3,933,489 shares of the financial services provider’s stock valued at $192,781,000 after acquiring an additional 154,042 shares during the period. Finally, Tybourne Capital Management HK Ltd. raised its holdings in Zillow Group by 53.5% during 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. 86.13% of the stock is currently owned by institutional investors.

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Several brokerages have recently issued reports on Z. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. BidaskClub cut Zillow Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG lifted their target price on Zillow Group to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a report on Thursday, October 5th. Finally, Canaccord Genuity lifted their target price on Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Zillow Group presently has a consensus rating of “Buy” and a consensus price target of $47.44.

In related news, CEO Spencer M. Rascoff sold 20,941 shares of Zillow Group stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.39, for a total value of $824,865.99. Following the completion of the transaction, the chief executive officer now owns 6,614 shares in the company, valued at $260,525.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Greg M. Schwartz sold 3,750 shares of Zillow Group stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $41.42, for a total value of $155,325.00. Following the completion of the transaction, the insider now owns 3,750 shares of the company’s stock, valued at approximately $155,325. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,882 shares of company stock valued at $2,709,855. 21.72% of the stock is currently owned by company insiders.

Zillow Group, Inc. (NASDAQ:Z) opened at $40.38 on Friday. Zillow Group, Inc. has a 12-month low of $32.56 and a 12-month high of $51.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.70.

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. The company had revenue of $266.85 million during the quarter. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%.

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.

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

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