Russell Investments Group Ltd. Has $4.51 Million Stock Position in Zillow Group, Inc. $Z

Russell Investments Group Ltd. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 213.1% in the first quarter, Holdings Channel.com reports. The firm owned 65,795 shares of the financial services provider’s stock after purchasing an additional 44,781 shares during the period. Russell Investments Group Ltd.’s holdings in Zillow Group were worth $4,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. DoubleLine ETF Adviser LP lifted its position in shares of Zillow Group by 1.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock worth $805,000 after buying an additional 163 shares during the last quarter. Flynn Zito Capital Management LLC increased its stake in shares of Zillow Group by 4.5% in the first quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 166 shares during the period. True Vision MN LLC increased its stake in shares of Zillow Group by 2.4% in the first quarter. True Vision MN LLC now owns 7,599 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 176 shares during the period. GAMMA Investing LLC increased its stake in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the period. Finally, Keel Point LLC increased its stake in shares of Zillow Group by 1.7% in the fourth quarter. Keel Point LLC now owns 13,760 shares of the financial services provider’s stock worth $1,019,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Richard N. Barton sold 200,000 shares of the business’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 transaction, the chairman directly owned 843,248 shares of the company’s stock, valued at $71,608,620.16. The trade was a 19.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dan Spaulding sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 68,889 shares in the company, valued at $5,918,253.99. The trade was a 59.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 580,379 shares of company stock worth $49,319,729 over the last ninety days. 25.03% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of Z opened at $87.44 on Friday. The company has a market capitalization of $21.18 billion, a P/E ratio of -336.31, a PEG ratio of 15.33 and a beta of 2.09. Zillow Group, Inc. has a one year low of $52.86 and a one year high of $89.39. The business’s 50 day simple moving average is $77.22 and its 200-day simple moving average is $72.82.

Analysts Set New Price Targets

Z has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 7th. Bank of America lifted their target price on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $88.29.

Zillow Group Profile

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.