Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 18.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 423,315 shares of the financial services provider’s stock after selling 95,651 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Zillow Group were worth $54,879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Berman Capital Advisors LLC grew its stake in shares of Zillow Group by 75.7% during the fourth quarter. Berman Capital Advisors LLC now owns 253 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Zillow Group during the first quarter worth about $36,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Zillow Group during the first quarter worth about $47,000. IFP Advisors Inc grew its stake in shares of Zillow Group by 56.6% during the first quarter. IFP Advisors Inc now owns 465 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 168 shares during the last quarter. Finally, Baldwin Brothers Inc. MA grew its stake in shares of Zillow Group by 42.3% during the first quarter. Baldwin Brothers Inc. MA now owns 498 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 78.01% of the company’s stock.

In related news, CEO Richard N. Barton sold 343,940 shares of the stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $148.92, for a total transaction of $51,219,544.80. Also, insider Errol G. Samuelson sold 1,277 shares of the stock in a transaction dated Friday, March 26th. The stock was sold at an average price of $128.85, for a total value of $164,541.45. Following the transaction, the insider now directly owns 44,150 shares in the company, valued at approximately $5,688,727.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,010 shares of company stock worth $59,261,029. 19.87% of the stock is owned by corporate insiders.

NASDAQ Z opened at $109.13 on Friday. The stock has a market cap of $27.03 billion, a PE ratio of 682.11 and a beta of 1.19. The company has a current ratio of 6.16, a quick ratio of 5.66 and a debt-to-equity ratio of 0.29. Zillow Group, Inc. has a twelve month low of $54.31 and a twelve month high of $208.11. The business’s fifty day simple moving average is $123.15.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, May 4th. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Zillow Group had a return on equity of 1.41% and a net margin of 1.55%.

A number of research firms recently commented on Z. Needham & Company LLC began coverage on Zillow Group in a report on Monday, May 3rd. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Zillow Group from $225.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, May 4th. Citigroup raised Zillow Group from a “neutral” rating to a “buy” rating in a report on Thursday, February 11th. Susquehanna lifted their target price on Zillow Group from $130.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 11th. Finally, Morgan Stanley lifted their target price on Zillow Group from $148.00 to $161.00 and gave the stock an “equal weight” rating in a report on Thursday, February 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Zillow Group has a consensus rating of “Buy” and an average price target of $158.25.

Zillow Group Company Profile

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offer various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sell homes; offer title and escrow services, title insurance products and services, and mortgage loans.

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

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