Canada Pension Plan Investment Board Buys 195,100 Shares of Zillow Group, Inc. (NASDAQ:Z)

Canada Pension Plan Investment Board grew its holdings in Zillow Group, Inc. (NASDAQ:ZFree Report) by 148.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,300 shares of the financial services provider’s stock after purchasing an additional 195,100 shares during the period. Canada Pension Plan Investment Board owned about 0.14% of Zillow Group worth $15,062,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Commerce Bank increased its position in shares of Zillow Group by 2.8% during the 2nd quarter. Commerce Bank now owns 6,899 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 185 shares during the last quarter. Belpointe Asset Management LLC raised its position in Zillow Group by 27.4% during the first quarter. Belpointe Asset Management LLC now owns 1,144 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 246 shares in the last quarter. Jacob Asset Management of New York LLC lifted its stake in Zillow Group by 0.5% in the second quarter. Jacob Asset Management of New York LLC now owns 53,000 shares of the financial services provider’s stock valued at $2,664,000 after acquiring an additional 281 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Zillow Group by 3.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,236 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 290 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Zillow Group by 24.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,496 shares of the financial services provider’s stock worth $67,000 after buying an additional 298 shares during the last quarter. Institutional investors own 71.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Erik C. Blachford sold 21,855 shares of Zillow Group stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $37.55, for a total transaction of $820,655.25. Following the transaction, the director now owns 27,164 shares of the company’s stock, valued at $1,020,008.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Susan Daimler sold 3,685 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $38.90, for a total transaction of $143,346.50. Following the sale, the insider now directly owns 53,059 shares in the company, valued at $2,063,995.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Erik C. Blachford sold 21,855 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $37.55, for a total transaction of $820,655.25. Following the completion of the transaction, the director now owns 27,164 shares of the company’s stock, valued at $1,020,008.20. The disclosure for this sale can be found here. Insiders have sold a total of 72,923 shares of company stock worth $2,899,105 in the last ninety days. Corporate insiders own 15.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on Z. JPMorgan Chase & Co. upped their price objective on shares of Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Morgan Stanley lowered their price target on shares of Zillow Group from $55.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.50.

View Our Latest Stock Analysis on Zillow Group

Zillow Group Stock Down 2.4 %

NASDAQ:Z opened at $54.95 on Monday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is $54.56 and its 200 day simple moving average is $48.90. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $59.86.

Zillow Group Profile

(Free Report)

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.

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

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