Vanguard Group Inc. Sells 254,955 Shares of Zillow Group, Inc. (NASDAQ:Z)

Vanguard Group Inc. reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,961,378 shares of the financial services provider’s stock after selling 254,955 shares during the period. Vanguard Group Inc. owned about 0.09% of Zillow Group worth $1,552,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in Zillow Group by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,736 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 900 shares in the last quarter. Independent Advisor Alliance acquired a new position in Zillow Group during the 3rd quarter worth about $223,000. The Manufacturers Life Insurance Company grew its holdings in Zillow Group by 55.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,958 shares of the financial services provider’s stock worth $2,871,000 after acquiring an additional 16,055 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in Zillow Group in the 3rd quarter valued at about $233,000. Finally, FMR LLC raised its stake in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after acquiring an additional 3,272,118 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on Z. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley boosted their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Trading Down 1.6 %

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 market capitalization of $17.06 billion, a price-to-earnings ratio of -149.68, a PEG ratio of 9.24 and a beta of 2.27. The business’s 50-day moving average price is $77.47 and its two-hundred day moving average price is $72.86.

Zillow Group (NASDAQ:Z) last announced its quarterly 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%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. Company insiders own 23.76% of the company’s stock.

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.