Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 47.2% in the first quarter, Holdings Channel reports. The firm owned 19,793 shares of the financial services provider’s stock after selling 17,675 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Zillow Group were worth $1,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Brothers Harriman & Co. lifted its stake in Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 148 shares during the last quarter. DoubleLine ETF Adviser LP raised its position in 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 acquiring an additional 163 shares in the last quarter. Flynn Zito Capital Management LLC raised its position in 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 acquiring an additional 166 shares in the last quarter. True Vision MN LLC raised its position in 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 acquiring an additional 176 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in 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 acquiring an additional 196 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 6,962 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total transaction of $477,802.06. Following the completion of the transaction, the insider directly owned 135,674 shares in the company, valued at $9,311,306.62. This represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 10,984 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the transaction, the chief executive officer owned 171,517 shares of the company’s stock, valued at $11,831,242.66. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,093 shares of company stock worth $6,989,688. 25.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Z has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research note on Monday, April 28th. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating on the stock. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods reduced 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. Eight equities research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.71.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $80.56 on Thursday. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of -236.94, a P/E/G ratio of 14.81 and a beta of 2.11. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The stock has a 50-day simple moving average of $71.09 and a 200-day simple moving average of $72.12.

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.