Nordea Investment Management AB Increases Position in Zillow Group, Inc. (NASDAQ:Z)
Nordea Investment Management AB lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 11.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 66,605 shares of the financial services provider’s stock after buying an additional 7,015 shares during the period. Nordea Investment Management AB’s holdings in Zillow Group were worth $3,414,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in Z. Guggenheim Capital LLC lifted its stake in shares of Zillow Group by 43.9% during the third quarter. Guggenheim Capital LLC now owns 9,650 shares of the financial services provider’s stock valued at $851,000 after buying an additional 2,943 shares during the period. LPL Financial LLC raised its stake in Zillow Group by 9.3% during the third quarter. LPL Financial LLC now owns 43,736 shares of the financial services provider’s stock worth $3,855,000 after purchasing an additional 3,720 shares during the period. Cetera Advisor Networks LLC raised its stake in Zillow Group by 28.7% during the third quarter. Cetera Advisor Networks LLC now owns 4,696 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 1,048 shares during the period. Cetera Investment Advisers raised its stake in Zillow Group by 10.7% during the third quarter. Cetera Investment Advisers now owns 7,082 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 683 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in Zillow Group by 91.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,081 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 516 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.
Separately, Piper Sandler cut their price target on shares of Zillow Group from $57.00 to $39.00 in a research note on Friday, May 6th.
In other news, COO Jeremy Wacksman sold 4,785 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $35.00, for a total value of $167,475.00. Following the transaction, the chief operating officer now owns 43,132 shares of the company’s stock, valued at approximately $1,509,620. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 4,000 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $43.21, for a total transaction of $172,840.00. Following the completion of the transaction, the insider now directly owns 18,765 shares in the company, valued at approximately $810,835.65. The disclosure for this sale can be found here. In the last three months, insiders sold 28,641 shares of company stock worth $1,146,023. Insiders own 14.63% of the company’s stock.
Shares of Z stock opened at $34.01 on Tuesday. The company’s fifty day simple moving average is $38.48 and its 200-day simple moving average is $48.96. Zillow Group, Inc. has a 52 week low of $28.61 and a 52 week high of $124.70. The company has a current ratio of 3.98, a quick ratio of 3.57 and a debt-to-equity ratio of 0.34. The company has a market cap of $8.38 billion, a PE ratio of -15.32 and a beta of 1.39.
Zillow Group (NASDAQ:Z – Get Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $0.19 EPS for the quarter. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.61%. The business had revenue of $4.26 billion for the quarter.
Zillow Group Company Profile (Get Rating)
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.
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