BNP Paribas Arbitrage SA cut its holdings in Zillow Group, Inc. (NASDAQ:Z) by 86.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,626 shares of the financial services provider’s stock after selling 73,967 shares during the period. BNP Paribas Arbitrage SA’s holdings in Zillow Group were worth $570,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Caledonia Private Investments Pty Ltd increased its holdings in shares of Zillow Group by 2.2% in the 1st quarter. Caledonia Private Investments Pty Ltd now owns 25,959,897 shares of the financial services provider’s stock worth $874,070,000 after buying an additional 567,178 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Zillow Group by 19.1% in the 1st quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock worth $515,579,000 after buying an additional 2,452,824 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 8,269,783 shares of the financial services provider’s stock worth $278,444,000 after buying an additional 497,370 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Zillow Group by 1,820.7% in the 1st quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares during the last quarter. Finally, SRS Investment Management LLC increased its holdings in shares of Zillow Group by 89.3% in the 1st quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock worth $157,187,000 after buying an additional 2,202,599 shares during the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

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In related news, insider Errol G. Samuelson sold 7,050 shares of Zillow Group stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $49.30, for a total value of $347,565.00. Following the completion of the transaction, the insider now owns 34,727 shares in the company, valued at $1,712,041.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Spencer M. Rascoff sold 20,940 shares of Zillow Group stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $39.57, for a total transaction of $828,595.80. Following the completion of the transaction, the chief executive officer now owns 6,614 shares of the company’s stock, valued at approximately $261,715.98. The disclosure for this sale can be found here. Insiders sold 274,111 shares of company stock valued at $12,201,269 in the last quarter. 26.97% of the stock is owned by insiders.

A number of equities analysts recently commented on Z shares. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price target on shares of Zillow Group in a research note on Sunday, July 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $54.50 price target (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG lifted their price target on shares of Zillow Group to $50.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. One equities research 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.06.

Shares of Zillow Group, Inc. (Z) opened at 40.61 on Wednesday. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $40.94. The stock has a 50 day moving average of $39.11 and a 200 day moving average of $35.43. The stock’s market cap is $7.53 billion.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business had revenue of $266.85 million during the quarter. On average, equities analysts anticipate that Zillow Group, Inc. will post $0.50 earnings per share for the current fiscal year.

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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