True Vision MN LLC Has $544,000 Position in Zillow Group, Inc. $Z

True Vision MN LLC increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,760 shares of the financial services provider’s stock after purchasing an additional 161 shares during the period. True Vision MN LLC’s holdings in Zillow Group were worth $544,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of Z. Wealth Enhancement Advisory Services LLC raised its position in Zillow Group by 46.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,033 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 2,879 shares during the last quarter. GAMMA Investing LLC raised its position in Zillow Group by 10,025.5% in the 1st quarter. GAMMA Investing LLC now owns 41,616 shares of the financial services provider’s stock worth $2,853,000 after purchasing an additional 41,205 shares during the last quarter. Rhumbline Advisers raised its position in Zillow Group by 1.7% in the 1st quarter. Rhumbline Advisers now owns 182,624 shares of the financial services provider’s stock worth $12,521,000 after purchasing an additional 3,045 shares during the last quarter. Wedmont Private Capital bought a new position in Zillow Group in the 1st quarter worth approximately $229,000. Finally, Park Avenue Securities LLC raised its position in Zillow Group by 20.0% in the 1st quarter. Park Avenue Securities LLC now owns 12,292 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 2,045 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on Z shares. Bank of America boosted their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Sanford C. Bernstein raised shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Saturday, September 27th. Mizuho raised shares of Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Finally, Oppenheimer started coverage on shares of Zillow Group in a report on Monday. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 22,510 shares of Zillow Group stock in a transaction on Monday, September 8th. The shares were 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 of the company’s stock, valued at $13,149,622.53. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jun Choo sold 45,710 shares of Zillow Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $85.21, for a total transaction of $3,894,949.10. Following the transaction, the chief operating officer directly owned 117,098 shares in the company, valued at approximately $9,977,920.58. This represents a 28.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 657,087 shares of company stock valued at $56,286,479. 25.03% of the stock is owned by corporate insiders.

Zillow Group Stock Down 3.6%

Shares of NASDAQ Z opened at $74.00 on Tuesday. The company’s fifty day moving average is $83.03 and its 200-day moving average is $74.21. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of -284.62, a P/E/G ratio of 21.38 and a beta of 2.13. Zillow Group, Inc. has a twelve month low of $57.00 and a twelve month high of $93.88.

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.