Bank of New York Mellon Corp Has $40.99 Million Holdings in Zillow Group, Inc. $Z

Bank of New York Mellon Corp cut its holdings in Zillow Group, Inc. (NASDAQ:Z) by 41.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 585,217 shares of the financial services provider’s stock after selling 410,664 shares during the period. Bank of New York Mellon Corp’s holdings in Zillow Group were worth $40,994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of Z. TD Private Client Wealth LLC increased its holdings in shares of Zillow Group by 352.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 352 shares during the period. IFP Advisors Inc lifted its holdings in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 338 shares during the period. National Pension Service lifted its holdings in Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Zillow Group in the first quarter valued at approximately $49,000. Finally, Farther Finance Advisors LLC boosted its stake in Zillow Group by 25.1% in the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 11,275 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $85.73, for a total transaction of $966,605.75. Following the transaction, the chief executive officer owned 153,113 shares in the company, valued at $13,126,377.49. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David A. Beitel sold 22,510 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the transaction, the chief technology officer directly owned 144,549 shares in the company, valued at approximately $13,149,622.53. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 262,052 shares of company stock worth $22,742,790. 25.03% of the stock is currently owned by company insiders.

Zillow Group Stock Down 2.8%

Z opened at $72.03 on Thursday. The business has a 50 day moving average of $77.89 and a 200-day moving average of $75.68. Zillow Group, Inc. has a 12-month low of $57.51 and a 12-month high of $93.88. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of -514.46, a PEG ratio of 29.13 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The company had revenue of $729.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group has set its Q4 2025 guidance at EPS. As a group, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Finally, Oppenheimer initiated coverage on Zillow Group in a research note on Monday, October 6th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.14.

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.