Nan Fung Trinity HK Ltd. Trims Stake in Zillow Group, Inc. (NASDAQ:Z)

Nan Fung Trinity HK Ltd. lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 27.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 311,540 shares of the financial services provider’s stock after selling 120,300 shares during the quarter. Zillow Group makes up approximately 4.7% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 7th largest holding. Nan Fung Trinity HK Ltd.’s holdings in Zillow Group were worth $23,070,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of 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 period. Brooklyn Investment Group acquired a new stake in Zillow Group during the third quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Zillow Group by 17.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after buying an additional 245 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $128,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on Z shares. Morgan Stanley lifted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $74.91 on Friday. The firm’s 50-day simple moving average is $78.39 and its 200 day simple moving average is $69.74. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of -159.38, a PEG ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 4,565 shares of the firm’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 approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock valued at $4,617,389 in the last three months. 23.76% of the stock is currently owned by insiders.

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.