Great West Life Assurance Co. Can Has $1,771,000 Position in Zillow Group, Inc. (Z)
Great West Life Assurance Co. Can maintained its stake in Zillow Group, Inc. (NASDAQ:Z) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,185 shares of the financial services provider’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Zillow Group were worth $1,771,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of Z. Gillespie Robinson & Grimm Inc. purchased a new stake in Zillow Group during the second quarter worth approximately $204,000. Aperio Group LLC purchased a new stake in Zillow Group during the second quarter worth approximately $218,000. Dynamic Technology Lab Private Ltd purchased a new stake in Zillow Group during the first quarter worth approximately $209,000. Shell Asset Management Co. increased its stake in Zillow Group by 33.0% in the second quarter. Shell Asset Management Co. now owns 7,436 shares of the financial services provider’s stock worth $364,000 after buying an additional 1,847 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Zillow Group by 0.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock worth $259,000 after buying an additional 27 shares during the last quarter. Institutional investors own 86.21% of the company’s stock.
Shares of Zillow Group, Inc. (Z) opened at 38.21 on Tuesday. Zillow Group, Inc. has a 52 week low of $31.22 and a 52 week high of $51.23. The firm’s 50-day moving average price is $43.56 and its 200 day moving average price is $40.60. The firm’s market capitalization is $7.09 billion.
Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. The company had revenue of $266.85 million during the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. On average, analysts anticipate that Zillow Group, Inc. will post $0.52 EPS for the current year.
Several analysts have recently issued reports on Z shares. Deutsche Bank AG upped their price objective on Zillow Group to $50.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective (up from $41.00) on shares of Zillow Group in a research report on Friday, May 5th. Cowen and Company set a $40.00 price objective on Zillow Group and gave the company a “market perform” rating in a research report on Friday, May 5th. Stifel Nicolaus restated a “buy” rating and issued a $54.50 price objective (up from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Finally, BidaskClub downgraded Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.06.
In other news, CEO Spencer M. Rascoff sold 22,400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $45.73, for a total transaction of $1,024,352.00. Following the transaction, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $342,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 1,691 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $39.62, for a total transaction of $66,997.42. Following the sale, the insider now owns 98,984 shares in the company, valued at approximately $3,921,746.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 232,230 shares of company stock worth $10,547,807. Insiders own 26.97% of the company’s stock.
Zillow Group Company Profile
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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