Zillow Group, Inc. (NASDAQ:Z) Stake Trimmed by Capital World Investors

Capital World Investors cut its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,181,805 shares of the financial services provider’s stock after selling 210,127 shares during the quarter. Capital World Investors’ holdings in Zillow Group were worth $531,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Zillow Group by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after acquiring an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth approximately $7,375,000. Vinva Investment Management Ltd purchased a new position in Zillow Group during the fourth quarter valued at approximately $1,187,000. Donoghue Forlines LLC acquired a new position in Zillow Group in the 4th quarter valued at approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after buying an additional 6,900 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on Z shares. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Zillow Group Trading Up 0.2 %

Z opened at $62.57 on Friday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The business has a 50 day moving average of $71.07 and a 200-day moving average of $73.12. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of -133.13, a P/E/G ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.