MML Investors Services LLC Sells 274 Shares of Zillow Group, Inc. (NASDAQ:Z)

MML Investors Services LLC reduced its stake in Zillow Group, Inc. (NASDAQ:Z) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,826 shares of the financial services provider’s stock after selling 274 shares during the quarter. MML Investors Services LLC’s holdings in Zillow Group were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth about $35,000. Larson Financial Group LLC raised its holdings in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the period. Blue Trust Inc. lifted its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Zillow Group during the third quarter worth about $74,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock worth $10,395,879 over the last quarter. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

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

Zillow Group Stock Up 0.7 %

Shares of NASDAQ Z opened at $77.21 on Wednesday. The company has a market cap of $18.03 billion, a P/E ratio of -135.46 and a beta of 2.01. The firm has a 50-day simple moving average of $73.43 and a two-hundred day simple moving average of $60.59. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

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.