Swiss National Bank lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,334 shares of the financial services provider’s stock after selling 26,700 shares during the quarter. Swiss National Bank owned about 0.21% of Zillow Group worth $18,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gillespie Robinson & Grimm Inc. acquired a new position in Zillow Group during the 2nd quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd acquired a new position in Zillow Group during the 1st quarter valued at approximately $209,000. Aperio Group LLC acquired a new position in Zillow Group during the 2nd quarter valued at approximately $218,000. World Asset Management Inc acquired a new position in Zillow Group during the 2nd quarter valued at approximately $221,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake 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 purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

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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 value of $6,648,810.00. Following the sale, the chief operating officer now directly owns 43,000 shares in the company, valued at approximately $1,944,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 7,050 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $49.30, for a total transaction of $347,565.00. Following the completion of the sale, the insider now owns 34,727 shares in the company, valued at $1,712,041.10. The disclosure for this sale can be found here. Insiders sold a total of 274,111 shares of company stock worth $12,201,269 over the last quarter. Insiders own 26.97% of the company’s stock.

Zillow Group, Inc. (Z) opened at 37.80 on Monday. The stock’s market capitalization is $7.01 billion. Zillow Group, Inc. has a 12-month low of $31.22 and a 12-month high of $51.23. The firm’s 50-day moving average is $41.73 and its 200 day moving average is $40.84.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share 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 for the quarter. Equities analysts expect that Zillow Group, Inc. will post $0.50 EPS for the current year.

Z has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Cowen and Company upped their price target on shares of Zillow Group from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research note 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 note on Sunday, July 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $46.06.

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

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