Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,906 shares of the financial services provider’s stock after selling 22,501 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Zillow Group were worth $43,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC bought a new stake in Zillow Group during the third quarter valued at $35,000. Blue Trust Inc. grew its position 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 buying an additional 313 shares in the last quarter. Brooklyn Investment Group bought a new position in Zillow Group in the 3rd quarter worth about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings 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 acquiring an additional 579 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on Z shares. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Bank of America raised their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Morgan Stanley raised their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,689 shares of company stock worth $12,520,379. Company insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $87.97 on Tuesday. The company’s fifty day moving average is $78.77 and its 200 day moving average is $67.80. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $88.76. The stock has a market cap of $20.55 billion, a PE ratio of -154.33, a PEG ratio of 16.20 and a beta of 2.03.

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.