NBW Capital LLC lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 30.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,849 shares of the financial services provider’s stock after selling 29,451 shares during the period. NBW Capital LLC’s holdings in Zillow Group were worth $3,227,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of Z. State Street Corp boosted its stake in shares of Zillow Group by 3.2% in the first quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock valued at $63,392,000 after buying an additional 59,060 shares during the period. Rhumbline Advisers boosted its stake in shares of Zillow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 113,564 shares of the financial services provider’s stock valued at $5,566,000 after buying an additional 1,171 shares during the period. BlackRock Inc. boosted its stake in shares of 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 during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Zillow Group by 7.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 412,250 shares of the financial services provider’s stock valued at $20,204,000 after buying an additional 26,995 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Zillow Group by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock valued at $369,000 after buying an additional 597 shares during the period. Institutional investors own 86.13% of the company’s stock.

Zillow Group, Inc. (NASDAQ Z) traded up 1.03% during mid-day trading on Friday, reaching $42.12. The company had a trading volume of 1,124,968 shares. The firm’s market capitalization is $7.81 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 $39.56 and a 200 day moving average price of $41.51.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The company had revenue of $266.85 million for the quarter. Analysts expect that Zillow Group, Inc. will post $0.50 EPS for the current year.

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Several equities research analysts recently issued reports on the company. BidaskClub upgraded Zillow Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. Benchmark Co. reiterated a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a research note on Sunday, July 2nd. Deutsche Bank AG boosted their price target on Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $54.50 price target (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.64.

In related news, COO Amy Bohutinsky sold 147,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the sale, the chief operating officer now owns 43,000 shares of the company’s stock, valued at $1,944,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Spencer M. Rascoff sold 20,941 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.39, for a total transaction of $824,865.99. Following the sale, the chief executive officer now directly owns 6,614 shares in the company, valued at approximately $260,525.46. The disclosure for this sale can be found here. Insiders have sold 273,282 shares of company stock worth $12,100,366 in the last three months. 21.72% of the stock is currently owned by insiders.

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.

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

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