Zillow Group, Inc. (NASDAQ:Z) Position Lessened by Yost Capital Management LP

Yost Capital Management LP lessened its stake in Zillow Group, Inc. (NASDAQ:ZFree Report) by 25.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 80,600 shares of the financial services provider’s stock after selling 28,000 shares during the period. Zillow Group makes up approximately 6.6% of Yost Capital Management LP’s holdings, making the stock its 8th biggest holding. Yost Capital Management LP’s holdings in Zillow Group were worth $5,968,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of Z. National Bank of Canada FI bought a new position in shares of Zillow Group in the 4th quarter worth about $55,000. Assetmark Inc. lifted its holdings in Zillow Group by 7,410.0% in the fourth 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. lifted its holdings in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew 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 valued at $94,000 after purchasing an additional 579 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Z has been the subject of a number of analyst reports. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley boosted their target price 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. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a “market perform” rating and a $80.00 price target on the stock. Six equities 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 company’s stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Read Our Latest Stock Report on Z

Zillow Group Price Performance

Zillow Group stock opened at $62.47 on Thursday. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The stock has a market capitalization of $15.15 billion, a PE ratio of -132.91, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The firm has a 50 day simple moving average of $72.06 and a 200-day simple moving average of $73.08.

Zillow Group (NASDAQ:ZGet Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the transaction, 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 three months. Company insiders own 23.76% of the company’s stock.

About Zillow Group

(Free Report)

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.

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Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZFree Report).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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