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

abrdn plc decreased its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of Z. Sanctuary Advisors LLC purchased a new position in shares of Zillow Group during the 2nd quarter valued at approximately $319,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. Creative Planning boosted its stake in Zillow Group by 3.0% during the 3rd quarter. Creative Planning now owns 19,139 shares of the financial services provider's stock valued at $1,222,000 after acquiring an additional 558 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in Zillow Group during the 3rd quarter worth $213,000. Finally, Armstrong Fleming & Moore Inc bought a new stake in shares of Zillow Group in the 3rd quarter worth about $240,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

Z stock traded up $0.50 on Thursday, hitting $78.71. 5,768,530 shares of the company's stock traded hands, compared to its average volume of 2,978,463. 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 stock has a market cap of $18.38 billion, a price-to-earnings ratio of -138.09, a P/E/G ratio of 16.20 and a beta of 2.03. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The stock has a fifty day moving average of $78.73 and a 200-day moving average of $68.13.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its 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 6.17% and a negative return on equity of 2.33%. On average, analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 8,225 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares of the company's stock, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Bradley D. Owens sold 1,846 shares of the company's stock in a transaction dated Friday, November 15th. The stock was 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 directly owns 29,893 shares in the company, valued at approximately $2,183,085.79. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,730 shares of company stock valued at $10,896,034 over the last quarter. Company insiders own 23.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on Z shares. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday. Five investment 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 has an average rating of "Moderate Buy" and a consensus price target of $82.00.

About Zillow Group

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.