Nissay Asset Management Corp Japan ADV Decreases Position in Zillow Group, Inc. (NASDAQ:Z)

Nissay Asset Management Corp Japan ADV lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,411 shares of the financial services provider’s stock after selling 627 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Zillow Group were worth $1,403,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 116 shares during the period. Independent Advisor Alliance raised its holdings in Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 120 shares during the period. Blue Trust Inc. raised its holdings in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock valued at $529,000 after acquiring an additional 148 shares during the period. Finally, DoubleLine ETF Adviser LP raised its holdings in Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock valued at $805,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 2.3%

Z opened at $69.81 on Friday. The stock has a market cap of $16.93 billion, a PE ratio of -148.53, a P/E/G ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 52 week low of $39.05 and a 52 week high of $89.39. The business’s fifty day simple moving average is $67.29 and its 200 day simple moving average is $73.91.

Analyst Ratings Changes

Z has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a report on Monday, April 28th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This represents a 38.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,741 shares of company stock valued at $11,414,034 over the last 90 days. 25.03% of the stock is owned by insiders.

Zillow Group Company 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.