State Board of Administration of Florida Retirement System Boosts Stake in Zillow Group Inc (NASDAQ:Z)

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State Board of Administration of Florida Retirement System lifted its holdings in Zillow Group Inc (NASDAQ:Z) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,760 shares of the financial services provider’s stock after buying an additional 2,766 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.08% of Zillow Group worth $7,968,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Coastal Investment Advisors Inc. lifted its position 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 acquiring an additional 354 shares in the last quarter. Strs Ohio lifted its position in shares of Zillow Group by 33.6% in the first quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 418 shares in the last quarter. Kavar Capital Partners LLC purchased a new stake in shares of Zillow Group in the second quarter valued at $87,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Zillow Group in the second quarter valued at $99,000. Finally, Comerica Bank purchased a new stake in shares of Zillow Group in the second quarter valued at $202,000. Hedge funds and other institutional investors own 70.04% of the company’s stock.

Shares of Zillow Group stock traded down $0.46 during trading on Wednesday, reaching $32.32. The company’s stock had a trading volume of 6,287 shares, compared to its average volume of 3,247,482. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $43.84 and its 200-day moving average price is $40.72. Zillow Group Inc has a one year low of $26.38 and a one year high of $51.47.

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

In other news, Director Spencer M. Rascoff sold 2,000 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Lloyd D. Frink sold 112,952 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $44.56, for a total value of $5,033,141.12. Following the completion of the transaction, the chairman now directly owns 3,362,656 shares in the company, valued at $149,839,951.36. The disclosure for this sale can be found here. Insiders have sold 232,941 shares of company stock worth $10,382,205 over the last ninety days. Company insiders own 19.87% of the company’s stock.

Several equities research analysts have commented on the company. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub downgraded Zillow Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. 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. Standpoint Research downgraded Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley decreased their target price on Zillow Group from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.26.

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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