DNB Asset Management AS grew its position in Zillow Group, Inc. (NASDAQ:Z – Free Report) by 24.7% during the second quarter, Holdings Channel.com reports. The firm owned 26,834 shares of the financial services provider’s stock after acquiring an additional 5,308 shares during the period. DNB Asset Management AS’s holdings in Zillow Group were worth $1,245,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new stake in shares of Zillow Group in the 1st quarter valued at $26,000. Fidelis Capital Partners LLC purchased a new position in shares of Zillow Group in the 1st quarter valued at $37,000. Principal Securities Inc. purchased a new position in shares of Zillow Group in the 4th quarter valued at $53,000. Finally, Mather Group LLC. purchased a new position in shares of Zillow Group in the 1st quarter valued at $62,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.
Zillow Group Stock Performance
Shares of NASDAQ:Z traded up $0.48 during midday trading on Wednesday, hitting $42.89. The stock had a trading volume of 330,023 shares, compared to its average volume of 3,821,798. The company has a market capitalization of $10.13 billion, a PE ratio of -61.46 and a beta of 1.98. The stock has a 50 day moving average price of $46.76 and a two-hundred day moving average price of $48.46. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Z
Insider Activity
In other news, insider Susan Daimler sold 5,786 shares of Zillow Group stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total value of $255,856.92. Following the sale, the insider now owns 35,572 shares of the company’s stock, valued at $1,572,993.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Bradley D. Owens sold 1,373 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the completion of the sale, the general counsel now owns 40,194 shares in the company, valued at $1,774,565.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Daimler sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total transaction of $255,856.92. Following the completion of the sale, the insider now owns 35,572 shares of the company’s stock, valued at approximately $1,572,993.84. The disclosure for this sale can be found here. Insiders have sold a total of 60,041 shares of company stock valued at $2,637,477 over the last quarter. Corporate insiders own 23.76% of the company’s stock.
Zillow Group Company Profile
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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