Skandinaviska Enskilda Banken AB publ Raises Stake in Zillow Group, Inc. (NASDAQ:Z)

Posted by on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ increased its holdings in Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,581 shares of the financial services provider’s stock after buying an additional 647 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Zillow Group were worth $846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in Z. Vanguard Group Inc. boosted its position in shares of Zillow Group by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock worth $1,166,953,000 after buying an additional 1,837,593 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of Zillow Group by 803.7% during the 2nd quarter. Bridgewater Associates LP now owns 1,215,164 shares of the financial services provider’s stock valued at $38,581,000 after acquiring an additional 1,080,700 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Zillow Group during the 1st quarter worth about $46,880,000. Pacer Advisors Inc. purchased a new stake in shares of Zillow Group during the 3rd quarter worth about $27,011,000. Finally, Minot Capital LP purchased a new stake in shares of Zillow Group during the 2nd quarter worth about $22,770,000. 68.24% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Down 0.6 %

Shares of Z stock opened at $42.23 on Friday. The stock’s 50 day simple moving average is $40.68 and its 200 day simple moving average is $36.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 13.34 and a quick ratio of 13.34. Zillow Group, Inc. has a twelve month low of $26.14 and a twelve month high of $58.96.

Analysts Set New Price Targets

Z has been the topic of several research reports. Morgan Stanley upped their price target on Zillow Group from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 18th. Bank of America raised Zillow Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $22.00 to $42.00 in a report on Monday, January 9th.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 2,600 shares of the business’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $38.34, for a total transaction of $99,684.00. Following the completion of the sale, the chief accounting officer now owns 62,161 shares in the company, valued at $2,383,252.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Zillow Group news, CFO Allen Parker sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $35.31, for a total value of $353,100.00. Following the completion of the transaction, the chief financial officer now directly owns 160,968 shares of the company’s stock, valued at $5,683,780.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 2,600 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $38.34, for a total value of $99,684.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,161 shares of the company’s stock, valued at $2,383,252.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,812 shares of company stock worth $2,520,435. 15.30% of the stock is currently owned by insiders.

About Zillow Group

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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

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