Livforsakringsbolaget Skandia Omsesidigt Has $108,000 Position in Zillow Group, Inc. (Z)

Livforsakringsbolaget Skandia Omsesidigt held its position in shares of Zillow Group, Inc. (NASDAQ:Z) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,200 shares of the financial services provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Zillow Group were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC boosted its stake in shares of 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 during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Zillow Group by 949.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock worth $144,869,000 after buying an additional 3,892,431 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of Zillow Group during the first quarter worth approximately $4,242,000. Selkirk Management LLC purchased a new stake in shares of Zillow Group during the first quarter worth approximately $337,000. Finally, Janus Capital Management LLC boosted its stake in shares of Zillow Group by 46.9% in the first quarter. Janus Capital Management LLC now owns 1,173,378 shares of the financial services provider’s stock worth $39,507,000 after buying an additional 374,684 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Shares of Zillow Group, Inc. (Z) opened at 43.59 on Thursday. The company’s 50 day moving average price is $46.68 and its 200-day moving average price is $40.00. The firm’s market capitalization is $7.98 billion. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $51.23.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The firm had revenue of $266.85 million for the quarter. Zillow Group had a negative return on equity of 5.65% and a negative net margin of 19.58%. On average, equities analysts predict that Zillow Group, Inc. will post $0.45 earnings per share for the current fiscal year.

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

In other Zillow Group news, insider Greg M. Schwartz sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.56, for a total transaction of $170,850.00. Following the transaction, the insider now owns 3,750 shares of the company’s stock, valued at approximately $170,850. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Spencer M. Rascoff sold 29,854 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.94, for a total value of $1,311,784.76. Following the transaction, the chief executive officer now directly owns 120,146 shares in the company, valued at approximately $5,279,215.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,800 shares of company stock valued at $16,970,457. Insiders own 26.97% of the company’s stock.

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

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