Daiwa Securities Group Inc. Sells 15,500 Shares of Zillow Group, Inc. (NASDAQ:Z)

Daiwa Securities Group Inc. decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 27.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,338 shares of the financial services provider’s stock after selling 15,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Zillow Group were worth $1,977,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in Zillow Group by 3.2% in the first quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock worth $63,392,000 after buying an additional 59,060 shares in the last quarter. BlackRock Inc. boosted its stake in Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Zillow Group by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock worth $369,000 after buying an additional 597 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Zillow Group by 1.4% in the first quarter. Clearbridge Investments LLC now owns 1,181,098 shares of the financial services provider’s stock worth $39,768,000 after buying an additional 16,056 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after buying an additional 767,765 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Shares of Zillow Group, Inc. (Z) traded down 0.90% during mid-day trading on Friday, reaching $38.64. 1,061,504 shares of the company traded hands. The stock’s market capitalization is $7.17 billion. Zillow Group, Inc. has a 52-week low of $31.22 and a 52-week high of $51.23. The company’s 50 day moving average is $44.87 and its 200 day moving average is $40.51.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The company had revenue of $266.85 million for the quarter. On average, equities analysts forecast that Zillow Group, Inc. will post $0.52 earnings per share for the current year.

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Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price (up previously from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Cowen and Company set a $40.00 price target on shares of Zillow Group and gave the company a “market perform” rating in a research report on Friday, May 5th. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Stifel Nicolaus reissued a “buy” rating and set a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Finally, Benchmark Co. reissued a “buy” rating and set a $55.00 price target on shares of Zillow Group in a research report on Sunday, July 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Zillow Group presently has an average rating of “Hold” and a consensus price target of $46.06.

In other news, insider Errol G. Samuelson sold 1,691 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $39.62, for a total transaction of $66,997.42. Following the sale, the insider now directly owns 98,984 shares of the company’s stock, valued at $3,921,746.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $44.50, for a total value of $605,200.00. Following the sale, the insider now directly owns 4,498,008 shares in the company, valued at $200,161,356. The disclosure for this sale can be found here. Insiders have sold a total of 232,230 shares of company stock valued at $10,547,807 in the last 90 days. Insiders own 26.97% of the company’s stock.

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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