abrdn plc Sells 3,312 Shares of Zillow Group, Inc. (NASDAQ:Z)

abrdn plc lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 45,678 shares of the financial services provider’s stock after selling 3,312 shares during the period. abrdn plc’s holdings in Zillow Group were worth $3,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 166 shares during the period. Arkadios Wealth Advisors boosted its stake in Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after acquiring an additional 198 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 245 shares in the last quarter. Finally, Mirador Capital Partners LP increased its holdings in shares of Zillow Group by 1.5% in the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after purchasing an additional 292 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

NASDAQ Z opened at $87.32 on Monday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $20.39 billion, a P/E ratio of -153.19, a P/E/G ratio of 16.20 and a beta of 2.03. The firm’s fifty day simple moving average is $78.69 and its two-hundred day simple moving average is $67.52. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $88.15.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,846 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.03, for a total value of $134,813.38. Following the completion of the transaction, the general counsel now owns 29,893 shares in the company, valued at approximately $2,183,085.79. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,689 shares of company stock worth $12,520,379 over the last 90 days. 23.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on Z shares. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

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.