Achmea Investment Management B.V. Sells 11,074 Shares of Zillow Group, Inc. (NASDAQ:Z)

Achmea Investment Management B.V. lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 51.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,606 shares of the financial services provider's stock after selling 11,074 shares during the quarter. Achmea Investment Management B.V.'s holdings in Zillow Group were worth $785,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in Z. Charles Schwab Investment Management Inc. grew its holdings in Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock worth $113,941,000 after acquiring an additional 11,727 shares during the period. Proficio Capital Partners LLC acquired a new position in Zillow Group in the fourth quarter valued at about $7,375,000. IVY Lane Capital Management LLC raised its position in shares of Zillow Group by 35.0% in 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 acquiring an additional 35,000 shares during the period. Donoghue Forlines LLC bought a new position in Zillow Group during the 4th quarter worth approximately $1,932,000. Finally, Thrivent Financial for Lutherans acquired a new position in Zillow Group during the third quarter valued at approximately $6,267,000. 71.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 6,967 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 in the last quarter. 23.76% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on Z. Morgan Stanley lifted their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research report 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.00.

Zillow Group Trading Up 1.4 %

Zillow Group stock traded up $0.98 during trading on Wednesday, hitting $70.57. 3,119,254 shares of the company were exchanged, compared to its average volume of 3,351,194. The company has a market capitalization of $17.12 billion, a P/E ratio of -150.15, a PEG ratio of 9.24 and a beta of 2.27. The business's 50 day moving average is $77.59 and its 200 day moving average is $72.25. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.