Sumitomo Mitsui Asset Management Company LTD held its stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,708 shares of the financial services provider’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Zillow Group were worth $377,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. raised its stake in Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after buying an additional 5,188,752 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Zillow Group by 949.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock valued at $144,869,000 after buying an additional 3,892,431 shares in the last quarter. Wellington Management Group LLP raised its stake in Zillow Group by 19.1% in the first quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock valued at $515,579,000 after buying an additional 2,452,824 shares in the last quarter. SRS Investment Management LLC raised its stake in Zillow Group by 89.3% in the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after buying an additional 2,202,599 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Zillow Group by 485.0% in the first quarter. Russell Investments Group Ltd. now owns 975,639 shares of the financial services provider’s stock valued at $32,853,000 after buying an additional 808,866 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Shares of Zillow Group, Inc. (NASDAQ:Z) opened at 40.97 on Friday. The company’s market capitalization is $7.60 billion. Zillow Group, Inc. has a 12-month low of $31.22 and a 12-month high of $51.23. The firm has a 50-day moving average price of $46.17 and a 200 day moving average price of $40.38.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data 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 for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. On average, equities research analysts predict that Zillow Group, Inc. will post $0.50 earnings per share for the current year.

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Several equities research analysts recently weighed in on Z shares. Zacks Investment Research upgraded Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Benchmark Co. restated a “buy” rating and set a $55.00 price target on shares of Zillow Group in a research report on Sunday, July 2nd. BidaskClub lowered Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Cowen and Company boosted their target price on Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, May 15th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $54.50 target price (up from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $46.06.

In related news, COO Amy Bohutinsky sold 147,000 shares of Zillow Group stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total value of $6,648,810.00. Following the completion of the transaction, the chief operating officer now owns 43,000 shares in the company, valued at approximately $1,944,890. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of Zillow Group stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $44.50, for a total value of $605,200.00. Following the completion of the transaction, the insider now owns 4,498,008 shares of the company’s stock, valued at approximately $200,161,356. The disclosure for this sale can be found here. Insiders have sold a total of 379,800 shares of company stock valued at $16,970,457 in the last quarter. Company insiders own 26.97% of the company’s stock.

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

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