Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Zillow Group, Inc. (NASDAQ:Z) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,961,378 shares of the financial services provider’s stock after selling 254,955 shares during the quarter. Vanguard Group Inc. owned about 8.97% of Zillow Group worth $1,552,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after acquiring an additional 11,727 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Zillow Group in the 4th quarter worth $7,375,000. Vinva Investment Management Ltd acquired a new stake in shares of Zillow Group in the fourth quarter valued at $1,187,000. Donoghue Forlines LLC bought a new position in Zillow Group during the fourth quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Zillow Group by 18.5% during the fourth 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 acquiring an additional 6,900 shares during the period. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 1.6 %

Shares of NASDAQ:Z opened at $70.35 on Friday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm has a fifty day moving average price of $77.47 and a 200 day moving average price of $72.86. The stock has a market capitalization of $17.06 billion, a PE ratio of -149.68, a P/E/G ratio of 9.24 and a beta of 2.27.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on Z. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 1,612 shares of the 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 sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were 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 directly owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their position. 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 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.