Zillow Group, Inc. (Z) Position Raised by Nomura Holdings Inc.

Nomura Holdings Inc. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 1,317.2% during the first quarter, Holdings Channel reports. The firm owned 164,414 shares of the financial services provider’s stock after buying an additional 152,813 shares during the period. Nomura Holdings Inc. owned about 0.09% of Zillow Group worth $5,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in Z. BlackRock Inc. boosted its stake in Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares during the last quarter. Wellington Management Group LLP boosted its stake in Zillow Group by 19.1% in the first quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock worth $515,579,000 after buying an additional 2,452,824 shares during the last quarter. SRS Investment Management LLC boosted its stake in Zillow Group by 89.3% in the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock worth $157,187,000 after buying an additional 2,202,599 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Zillow Group by 485.0% in the first quarter. Russell Investments Group Ltd. now owns 975,639 shares of the financial services provider’s stock worth $32,853,000 after buying an additional 808,866 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after buying an additional 767,765 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Zillow Group, Inc. (Z) traded up 0.18% during trading on Friday, hitting $45.65. 870,523 shares of the stock were exchanged. The firm’s market capitalization is $8.36 billion. Zillow Group, Inc. has a 52 week low of $31.22 and a 52 week high of $46.06. The stock’s 50 day moving average price is $43.03 and its 200 day moving average price is $37.65.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $245.78 million during 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 $0.46 earnings per share for the current year.

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A number of analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price (up previously from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Cowen and Company boosted their target price on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Zillow Group currently has a consensus rating of “Buy” and a consensus target price of $42.00.

In other news, CEO Spencer M. Rascoff sold 29,854 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $43.94, for a total value of $1,311,784.76. Following the completion of the sale, the chief executive officer now directly owns 120,146 shares of the company’s stock, valued at approximately $5,279,215.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Spencer M. Rascoff sold 120,146 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $43.34, for a total transaction of $5,207,127.64. Following the completion of the sale, the chief executive officer now directly owns 120,146 shares of the company’s stock, valued at $5,207,127.64. The disclosure for this sale can be found here. 26.97% of the stock is owned by company insiders.

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z).

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