Charles Schwab Investment Management Inc. Has $97.50 Million Holdings in Zillow Group, Inc. (NASDAQ:Z)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,526,982 shares of the financial services provider’s stock after selling 31,779 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Zillow Group worth $97,498,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Zillow Group in the 3rd quarter valued at approximately $234,000. IVY Lane Capital Management LLC grew its stake in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Swiss National Bank raised its holdings in shares of Zillow Group by 0.7% in the third quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock valued at $29,807,000 after purchasing an additional 3,300 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Zillow Group in the third quarter worth $6,267,000. Finally, CIBC Asset Management Inc boosted its holdings in Zillow Group by 5.5% during the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 318 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Z has been the topic of several analyst reports. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Jefferies Financial Group raised their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their price target on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Performance

Z opened at $84.85 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market capitalization of $19.82 billion, a PE ratio of -148.86 and a beta of 1.95. The business has a fifty day simple moving average of $66.24 and a 200 day simple moving average of $54.79. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.37.

Insiders Place Their Bets

In related news, insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the transaction, the insider now owns 22,464 shares of the company’s stock, valued at $1,217,099.52. The trade was a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now owns 2,826 shares in the company, valued at $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,264 shares of company stock worth $10,964,365 in the last quarter. Corporate insiders own 23.76% of the company’s stock.

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.