Zillow Group, Inc. (NASDAQ:Z) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 15.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,760 shares of the financial services provider’s stock after purchasing an additional 6,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Zillow Group were worth $2,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in Zillow Group by 2.4% during the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 166 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after buying an additional 198 shares in the last quarter. Doliver Advisors LP grew its holdings in Zillow Group by 3.3% during the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 310 shares during the period. Blue Trust Inc. raised its position in Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 318 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on Z shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley upped their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Performance

Z stock opened at $79.93 on Friday. The firm has a 50 day moving average of $71.22 and a two-hundred day moving average of $58.68. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.88. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of -140.23 and a beta of 2.01. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Activity at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares in the company, valued at approximately $5,154,026. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,140 shares of company stock valued at $11,955,195. Corporate insiders own 23.76% of the company’s stock.

Zillow Group 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.