Sumitomo Mitsui Trust Group Inc. Has $43.46 Million Position in Zillow Group, Inc. (NASDAQ:Z)

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,906 shares of the financial services provider’s stock after selling 22,501 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Zillow Group worth $43,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new position in Zillow Group in the third quarter worth about $35,000. Blue Trust Inc. lifted its stake in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group acquired a new stake in Zillow Group during the third quarter valued at approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 579 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on Z. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group lifted their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 5,985 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total value of $442,650.60. Following the sale, the chief executive officer now directly owns 161,678 shares in the company, valued at $11,957,704.88. The trade was a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the transaction, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at $5,154,026. The trade was a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,689 shares of company stock worth $12,520,379. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $87.97 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $88.76. The business has a 50-day simple moving average of $78.77 and a 200 day simple moving average of $67.80. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of -154.33, a PEG ratio of 16.20 and a beta of 2.03.

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.