Baillie Gifford & Co. Sells 261,611 Shares of Zillow Group, Inc. (NASDAQ:Z)

Baillie Gifford & Co. lessened its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 987,643 shares of the financial services provider's stock after selling 261,611 shares during the quarter. Baillie Gifford & Co. owned approximately 0.42% of Zillow Group worth $73,135,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Creative Planning increased its stake in Zillow Group by 3.0% in the 3rd quarter. Creative Planning now owns 19,139 shares of the financial services provider's stock valued at $1,222,000 after buying an additional 558 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Zillow Group by 45.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,699 shares of the financial services provider's stock valued at $1,130,000 after buying an additional 5,563 shares during the period. V Square Quantitative Management LLC acquired a new position in Zillow Group in the 3rd quarter valued at approximately $35,000. Blue Trust Inc. increased its stake in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Arlington Partners LLC increased its stake in shares of Zillow Group by 6.2% during the 3rd quarter. Arlington Partners LLC now owns 71,204 shares of the financial services provider's stock worth $4,546,000 after purchasing an additional 4,184 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeremy Hofmann sold 7,175 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,481,540.32. This represents a 6.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,838 shares of company stock worth $4,617,389 in the last quarter. 23.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. 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 company. According to data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Zillow Group Trading Down 4.4 %

Shares of Zillow Group stock traded down $3.43 during mid-day trading on Friday, reaching $74.91. 3,138,183 shares of the stock were exchanged, compared to its average volume of 2,914,760. The company has a market cap of $17.50 billion, a price-to-earnings ratio of -159.38, a price-to-earnings-growth ratio of 9.42 and a beta of 2.03. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The firm has a 50-day simple moving average of $78.39 and a 200 day simple moving average of $69.55.

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 net margin of 5.01% and a negative return on equity of 2.12%. On average, research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal 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.