Zillow (Z) Position Raised by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its position in shares of Zillow (NASDAQ:Z) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,763 shares of the financial services provider’s stock after purchasing an additional 3,581 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Zillow worth $8,595,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in Zillow by 5.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 346,831 shares of the financial services provider’s stock valued at $14,193,000 after acquiring an additional 17,857 shares in the last quarter. Swiss National Bank grew its position in shares of Zillow by 1.8% during the 4th quarter. Swiss National Bank now owns 390,534 shares of the financial services provider’s stock worth $15,981,000 after buying an additional 6,800 shares during the period. Coatue Management LLC acquired a new stake in shares of Zillow during the 4th quarter worth approximately $13,807,000. First Republic Investment Management Inc. grew its position in shares of Zillow by 9.2% during the 4th quarter. First Republic Investment Management Inc. now owns 17,900 shares of the financial services provider’s stock worth $733,000 after buying an additional 1,508 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Zillow by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 181,282 shares of the financial services provider’s stock worth $7,418,000 after buying an additional 3,792 shares during the period. Institutional investors and hedge funds own 58.55% of the company’s stock.

In other Zillow news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the company’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $57.42, for a total value of $780,912.00. Following the transaction, the insider now directly owns 4,279,608 shares in the company, valued at $245,735,091.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Greg M. Schwartz sold 8,584 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $46.45, for a total transaction of $398,726.80. Following the completion of the transaction, the insider now owns 8,584 shares in the company, valued at $398,726.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,200,895 shares of company stock worth $64,695,765. 21.72% of the stock is owned by corporate insiders.

Z has been the subject of several analyst reports. BidaskClub cut shares of Zillow from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Morgan Stanley reiterated an “overweight” rating and set a $55.00 price target (up previously from $50.00) on shares of Zillow in a research report on Tuesday, March 13th. Benchmark reiterated a “buy” rating and set a $64.00 price target on shares of Zillow in a research report on Friday, April 13th. KeyCorp set a $63.00 price target on shares of Zillow and gave the stock a “buy” rating in a research report on Thursday, April 12th. Finally, Cowen reiterated a “hold” rating on shares of Zillow in a research report on Friday, February 9th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.58.

Zillow opened at $51.67 on Monday, according to MarketBeat. The company has a quick ratio of 7.64, a current ratio of 7.64 and a debt-to-equity ratio of 0.14. Zillow has a 12-month low of $37.68 and a 12-month high of $59.99.

Zillow (NASDAQ:Z) last posted its quarterly earnings data on Monday, May 7th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. Zillow had a negative net margin of 9.59% and a negative return on equity of 0.40%. The business had revenue of $299.88 million during the quarter.

About Zillow

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Institutional Ownership by Quarter for Zillow (NASDAQ:Z)

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