Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Capital World Investors

Capital World Investors trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,181,805 shares of the financial services provider's stock after selling 210,127 shares during the quarter. Capital World Investors owned approximately 3.07% of Zillow Group worth $531,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zillow Group by 1,337.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider's stock worth $29,413,000 after purchasing an additional 369,580 shares during the period. Mackay Shields LLC purchased a new stake in shares of Zillow Group in the fourth quarter valued at about $17,496,000. Norges Bank purchased a new position in Zillow Group during the fourth quarter worth about $15,923,000. Bridgewater Associates LP lifted its position in Zillow Group by 38.3% in the fourth quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider's stock valued at $53,652,000 after purchasing an additional 200,760 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in Zillow Group in the 4th quarter valued at approximately $14,665,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Stock Up 2.4 %

Shares of NASDAQ Z traded up $1.55 during trading on Thursday, hitting $65.83. 1,671,116 shares of the company traded hands, compared to its average volume of 3,349,266. The firm has a market capitalization of $15.97 billion, a P/E ratio of -140.06, a P/E/G ratio of 9.24 and a beta of 2.19. The company has a 50-day moving average price of $70.08 and a 200-day moving average price of $73.04. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its earnings results 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%. Research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on Z. Wedbush restated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. William Blair began coverage on shares of Zillow Group in a research note on Monday. They set a "market perform" rating for the company. Finally, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Insiders Place Their Bets

In related news, COO Jun Choo sold 55,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last three months. 23.76% of the stock is owned by insiders.

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.