Sterling Capital Management LLC Has $683,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Sterling Capital Management LLC raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 50.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,218 shares of the financial services provider’s stock after buying an additional 3,076 shares during the period. Sterling Capital Management LLC’s holdings in Zillow Group were worth $683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $55,000. Assetmark Inc. grew its holdings in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares during the last quarter. Blue Trust Inc. increased its position in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Zillow Group by 86.3% during 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 during the period. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Down 2.5 %

NASDAQ Z opened at $62.47 on Thursday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The business has a 50 day moving average price of $72.06 and a 200-day moving average price of $73.08. The company has a market cap of $15.15 billion, a price-to-earnings ratio of -132.91, a P/E/G ratio of 9.24 and a beta of 2.19.

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 return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Keefe, Bruyette & Woods started coverage on Zillow Group in a research note on Friday, March 28th. They issued a “market perform” rating and a $80.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

Insider Activity at Zillow Group

In related news, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 over the last 90 days. Insiders own 23.76% of the company’s stock.

About Zillow Group

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.