Gareth Morgan Investments Limited Partnership lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 18.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,948 shares of the financial services provider’s stock after selling 20,990 shares during the period. Gareth Morgan Investments Limited Partnership owned about 0.05% of Zillow Group worth $4,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in Z. Teachers Advisors LLC boosted its position in Zillow Group by 7.1% during the 4th quarter. Teachers Advisors LLC now owns 98,266 shares of the financial services provider’s stock valued at $3,584,000 after buying an additional 6,510 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in Zillow Group by 0.4% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock valued at $259,000 after buying an additional 27 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Zillow Group during the 1st quarter valued at $889,000. Wells Fargo & Company MN boosted its position in Zillow Group by 11.1% during the 1st quarter. Wells Fargo & Company MN now owns 56,482 shares of the financial services provider’s stock valued at $1,902,000 after buying an additional 5,622 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Zillow Group by 1.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,087 shares of the financial services provider’s stock valued at $575,000 after buying an additional 290 shares during the period. 86.21% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Deutsche Bank AG raised their target price on shares of Zillow Group to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. BidaskClub cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a research report on Sunday, July 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 target price (up from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.06.

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Zillow Group, Inc. (Z) traded down 1.20% during trading on Wednesday, hitting $38.57. 134,648 shares of the company were exchanged. The firm’s 50 day moving average price is $42.34 and its 200-day moving average price is $40.89. The stock’s market capitalization is $7.15 billion. Zillow Group, Inc. has a 1-year low of $31.22 and a 1-year high of $51.23.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million during the quarter. Equities analysts predict that Zillow Group, Inc. will post $0.52 EPS for the current year.

In other Zillow Group news, CEO Spencer M. Rascoff sold 22,400 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $45.73, for a total value of $1,024,352.00. Following the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $342,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Spencer M. Rascoff sold 20,941 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were 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 approximately $260,525.46. The disclosure for this sale can be found here. Insiders have sold a total of 274,111 shares of company stock worth $12,201,269 in the last quarter. Insiders own 26.97% of the company’s stock.

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.

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

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