Bank of Montreal Can Sells 53,237 Shares of Zillow Group Inc (NASDAQ:Z)

Bank of Montreal Can decreased its holdings in shares of Zillow Group Inc (NASDAQ:Z) by 46.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,612 shares of the financial services provider’s stock after selling 53,237 shares during the period. Bank of Montreal Can’s holdings in Zillow Group were worth $2,858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Zillow Group by 27.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,288 shares of the financial services provider’s stock worth $17,947,000 after acquiring an additional 122,884 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zillow Group by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 1,224,472 shares of the financial services provider’s stock worth $38,642,000 after acquiring an additional 47,328 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Zillow Group in the 1st quarter worth approximately $358,000. Nissay Asset Management Corp Japan ADV raised its position in shares of Zillow Group by 4.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,983 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 539 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Zillow Group by 34.5% in the 1st quarter. Toronto Dominion Bank now owns 22,531 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 5,785 shares in the last quarter. 69.24% of the stock is owned by institutional investors and hedge funds.

In related news, Director Spencer M. Rascoff sold 2,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $37.06, for a total value of $74,120.00. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $518,840. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 1,950 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $35.73, for a total value of $69,673.50. Following the completion of the transaction, the chief accounting officer now directly owns 35,105 shares in the company, valued at $1,254,301.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,441 shares of company stock worth $6,017,205. Company insiders own 19.87% of the company’s stock.

Z has been the subject of several research reports. KeyCorp decreased their target price on Zillow Group from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. BidaskClub lowered Zillow Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. TheStreet lowered Zillow Group from a “c-” rating to a “d+” rating in a research report on Wednesday, September 4th. Standpoint Research lowered Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.26.

Shares of Z opened at $31.96 on Friday. The business’s fifty day simple moving average is $39.04 and its two-hundred day simple moving average is $40.45. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 0.28. Zillow Group Inc has a 12 month low of $26.38 and a 12 month high of $51.47.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.21). The firm had revenue of $599.58 million during the quarter. Zillow Group had a negative return on equity of 5.12% and a negative net margin of 13.49%.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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

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