Marshall Wace North America L.P. acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,250 shares of the financial services provider’s stock, valued at approximately $502,000.

Several other institutional investors and hedge funds also recently made changes to their positions in Z. State Street Corp raised its position in shares of Zillow Group by 3.2% during the 1st quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock worth $63,392,000 after acquiring an additional 59,060 shares in the last quarter. BlackRock Inc. raised its position in shares of Zillow Group by 1,820.7% during the 1st quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after acquiring an additional 5,188,752 shares in the last quarter. Rhumbline Advisers raised its position in shares of Zillow Group by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 113,564 shares of the financial services provider’s stock worth $5,566,000 after acquiring an additional 1,171 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Zillow Group by 5.8% during the 1st quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 597 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Zillow Group by 1.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,181,098 shares of the financial services provider’s stock worth $39,768,000 after acquiring an additional 16,056 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.

Several equities research analysts have recently weighed in on Z shares. BidaskClub lowered Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Benchmark Co. reissued a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research report on Sunday, July 2nd. Stifel Nicolaus reissued a “buy” rating and set a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Zacks Investment Research raised Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.06.

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Shares of Zillow Group, Inc. (NASDAQ:Z) opened at 39.05 on Thursday. The company has a 50 day moving average price of $39.86 and a 200-day moving average price of $36.21. The stock’s market capitalization is $7.24 billion. Zillow Group, Inc. has a 1-year low of $31.22 and a 1-year high of $40.94.

Zillow Group (NASDAQ:Z) last posted its earnings results 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 research analysts forecast that Zillow Group, Inc. will post $0.50 EPS for the current fiscal year.

In other news, CEO Spencer M. Rascoff sold 20,940 shares of Zillow Group stock in a transaction 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 transaction, the chief executive officer now directly owns 6,614 shares in the company, valued at approximately $261,715.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Spencer M. Rascoff sold 20,941 shares of Zillow Group 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 transaction, the chief executive officer now owns 6,614 shares in the company, valued at $260,525.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,111 shares of company stock worth $12,201,269. 26.97% of the stock is owned by insiders.

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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