Tredje AP fonden Lowers Stake in Zillow Group, Inc. (NASDAQ:Z)

Tredje AP fonden lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,141 shares of the financial services provider’s stock after selling 36,423 shares during the quarter. Tredje AP fonden’s holdings in Zillow Group were worth $8,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in Z. Entropy Technologies LP purchased a new stake in shares of Zillow Group during the 3rd quarter valued at $1,370,000. CIBC Asset Management Inc grew its holdings in shares of Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 318 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Zillow Group during the 3rd quarter valued at $6,267,000. Swiss National Bank grew its holdings in shares of Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock valued at $29,807,000 after purchasing an additional 3,300 shares during the last quarter. Finally, IVY Lane Capital Management LLC grew its holdings in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after purchasing an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 4.6 %

Shares of Z opened at $68.37 on Friday. The firm’s 50-day moving average price is $77.92 and its 200-day moving average price is $71.77. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of -145.47, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39.

Zillow Group (NASDAQ:Z) last announced 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, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on Z shares. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley increased their target price 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Five research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last three months. Company insiders own 23.76% of the company’s stock.

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.