Stifel Financial Corp increased its position in Zillow Group Inc (NASDAQ:Z) by 32.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 72,535 shares of the financial services provider’s stock after buying an additional 17,744 shares during the quarter. Stifel Financial Corp’s holdings in Zillow Group were worth $4,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Ameritas Investment Company LLC purchased a new stake in Zillow Group in the 1st quarter worth about $30,000. Bainco International Investors bought a new position in Zillow Group in the 1st quarter worth about $36,000. Wexford Capital LP bought a new position in Zillow Group in the 2nd quarter worth about $52,000. Rosenberg Matthew Hamilton boosted its stake in shares of Zillow Group by 37.1% during the second quarter. Rosenberg Matthew Hamilton now owns 1,371 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 371 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of Zillow Group during the second quarter valued at approximately $110,000. 76.11% of the stock is owned by institutional investors.

Z has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on shares of Zillow Group from $80.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 7th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Morgan Stanley raised their price target on shares of Zillow Group from $46.00 to $64.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Standpoint Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.00.

In other Zillow Group news, insider Errol G. Samuelson sold 8,160 shares of Zillow Group stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $63.10, for a total transaction of $514,896.00. Following the transaction, the insider now directly owns 61,672 shares of the company’s stock, valued at $3,891,503.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David A. Beitel sold 9,150 shares of Zillow Group stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $91.58, for a total transaction of $837,957.00. Following the transaction, the chief technology officer now directly owns 63,866 shares in the company, valued at $5,848,848.28. The disclosure for this sale can be found here. Insiders have sold 2,548,044 shares of company stock worth $194,378,652 over the last 90 days. 19.87% of the stock is currently owned by company insiders.

Z opened at $91.17 on Wednesday. The firm has a market capitalization of $20.69 billion, a PE ratio of -46.52 and a beta of 1.21. Zillow Group Inc has a twelve month low of $20.04 and a twelve month high of $92.88. The firm’s 50-day moving average price is $79.49 and its 200 day moving average price is $57.31. The company has a current ratio of 10.08, a quick ratio of 9.73 and a debt-to-equity ratio of 0.50.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported ($0.41) earnings per share for the quarter. The business had revenue of $768.35 million for the quarter. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.54%.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate 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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