New York Life Investment Management LLC Buys 1,223 Shares of Zillow Group, Inc. $Z

New York Life Investment Management LLC boosted its stake in Zillow Group, Inc. (NASDAQ:Z) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,475 shares of the financial services provider’s stock after acquiring an additional 1,223 shares during the period. New York Life Investment Management LLC’s holdings in Zillow Group were worth $1,294,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. IFP Advisors Inc increased its stake in shares of Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in Zillow Group by 352.0% during the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 352 shares during the period. National Pension Service grew its holdings in Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC increased its position in Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after buying an additional 196 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Zillow Group in the first quarter valued at $49,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on Z shares. Bank of America increased their price target on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, September 17th. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Oppenheimer started coverage on shares of Zillow Group in a report on Monday, October 6th. They issued a “market perform” rating for the company. Three 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.57.

Zillow Group Trading Up 4.5%

Z stock opened at $74.98 on Friday. The firm has a 50 day moving average of $79.71 and a 200-day moving average of $75.13. The firm has a market capitalization of $18.17 billion, a P/E ratio of -535.53, a price-to-earnings-growth ratio of 25.64 and a beta of 2.13. Zillow Group, Inc. has a 12 month low of $57.51 and a 12 month high of $93.88.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 100,000 shares of Zillow Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $85.91, for a total transaction of $8,591,000.00. Following the completion of the sale, the insider owned 68,889 shares of the company’s stock, valued at approximately $5,918,253.99. This trade represents a 59.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 45,710 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $85.21, for a total value of $3,894,949.10. Following the transaction, the chief operating officer owned 117,098 shares of the company’s stock, valued at approximately $9,977,920.58. The trade was a 28.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 657,087 shares of company stock worth $56,286,479. 25.03% of the stock is owned by corporate insiders.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.