Plato Investment Management Ltd Lowers Position in Zillow Group, Inc. $Z

Plato Investment Management Ltd cut its stake in Zillow Group, Inc. (NASDAQ:Z) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,190 shares of the financial services provider’s stock after selling 341 shares during the quarter. Plato Investment Management Ltd’s holdings in Zillow Group were worth $152,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in Z. Ethic Inc. grew its stake in Zillow Group by 13.3% in the fourth quarter. Ethic Inc. now owns 8,827 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 1,037 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in Zillow Group by 9.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 58,258 shares of the financial services provider’s stock worth $4,314,000 after purchasing an additional 5,000 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in Zillow Group in the fourth quarter valued at about $442,000. NorthRock Partners LLC acquired a new stake in Zillow Group in the 4th quarter worth approximately $437,000. Finally, Nomura Holdings Inc. increased its stake in Zillow Group by 254.6% during the 4th quarter. Nomura Holdings Inc. now owns 38,460 shares of the financial services provider’s stock valued at $2,848,000 after purchasing an additional 27,613 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Zillow Group

In other news, Chairman Richard N. Barton sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $84.92, for a total value of $16,984,000.00. Following the completion of the sale, the chairman directly owned 843,248 shares of the company’s stock, valued at $71,608,620.16. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dan Spaulding sold 100,000 shares of Zillow Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $85.91, for a total value of $8,591,000.00. Following the transaction, the insider directly owned 68,889 shares of the company’s stock, valued at $5,918,253.99. This trade represents a 59.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 657,087 shares of company stock valued at $56,286,479. Insiders own 25.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on Z shares. Bank of America upped their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.29.

Zillow Group Price Performance

Shares of Z opened at $89.27 on Friday. The stock has a market cap of $21.63 billion, a PE ratio of -343.35, a price-to-earnings-growth ratio of 8.98 and a beta of 2.04. Zillow Group, Inc. has a 1-year low of $55.46 and a 1-year high of $91.93. The firm has a fifty day moving average price of $81.74 and a 200 day moving average price of $73.23.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.