Amundi Sells 4,632,423 Shares of Zillow Group, Inc. (NASDAQ:Z)

Amundi trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 93.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 325,625 shares of the financial services provider's stock after selling 4,632,423 shares during the quarter. Amundi owned about 0.14% of Zillow Group worth $23,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Entropy Technologies LP acquired a new position in Zillow Group during the 3rd quarter valued at about $1,370,000. CIBC Asset Management Inc boosted its position in shares of Zillow Group by 5.5% during the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider's stock worth $388,000 after buying an additional 318 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Zillow Group during the third quarter worth approximately $6,267,000. Swiss National Bank grew its holdings in Zillow Group by 0.7% in the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider's stock worth $29,807,000 after buying an additional 3,300 shares in the last quarter. Finally, IVY Lane Capital Management LLC increased its position in 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. Institutional investors own 71.01% of the company's stock.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock worth $7,660,165 over the last ninety days. Company insiders own 23.76% of the company's stock.

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Analysts Set New Price Targets

Z has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Zillow Group Stock Up 0.5 %

Z stock traded up $0.36 during trading hours on Monday, hitting $70.94. The company's stock had a trading volume of 2,559,623 shares, compared to its average volume of 3,395,269. The company has a market capitalization of $17.21 billion, a PE ratio of -150.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The stock has a 50 day moving average price of $77.74 and a two-hundred day moving average price of $72.05. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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%. Sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share 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.