MUFG Americas Holdings Corp Invests $32,000 in Zillow Group Inc (NASDAQ:Z)

MUFG Americas Holdings Corp bought a new position in shares of Zillow Group Inc (NASDAQ:Z) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 700 shares of the financial services provider’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastal Investment Advisors Inc. boosted its stake in shares of Zillow Group by 177.0% in the second quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock valued at $26,000 after buying an additional 354 shares during the period. Strs Ohio lifted its position in shares of Zillow Group by 33.6% during the first quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 418 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in shares of Zillow Group during the second quarter worth about $87,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Zillow Group during the second quarter worth about $99,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Zillow Group by 26.2% during the first quarter. Daiwa Securities Group Inc. now owns 5,236 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 1,086 shares in the last quarter. 70.04% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group stock traded down $0.41 during mid-day trading on Friday, hitting $31.58. The company had a trading volume of 79,655 shares, compared to its average volume of 3,341,150. Zillow Group Inc has a 1 year low of $26.38 and a 1 year high of $51.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.67. The business has a fifty day moving average of $40.94 and a 200 day moving average of $40.62.

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

Several analysts have recently issued reports on the stock. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. KeyCorp reduced their target price on shares of Zillow Group from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. TheStreet cut shares of Zillow Group from a “c-” rating to a “d+” rating in a report on Wednesday. BidaskClub cut shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Standpoint Research cut shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Zillow Group presently has a consensus rating of “Hold” and a consensus price target of $41.26.

In other news, Chairman Lloyd D. Frink sold 112,952 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.56, for a total transaction of $5,033,141.12. Following the transaction, the chairman now directly owns 3,362,656 shares in the company, valued at $149,839,951.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Spencer M. Rascoff sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $34.15, for a total transaction of $68,300.00. Following the transaction, the director now owns 14,000 shares in the company, valued at $478,100. The disclosure for this sale can be found here. Insiders sold 136,441 shares of company stock worth $6,017,205 over the last quarter. 19.87% of the stock is currently owned by insiders.

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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