Corient Private Wealth LLC Cuts Position in Zillow Group, Inc. (NASDAQ:Z)

Corient Private Wealth LLC lessened its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 20.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,463 shares of the financial services provider's stock after selling 3,807 shares during the quarter. Corient Private Wealth LLC's holdings in Zillow Group were worth $1,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. grew its holdings in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Brooklyn Investment Group bought a new stake in Zillow Group in the third quarter worth $74,000. Smartleaf Asset Management LLC increased its position in Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 579 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

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Zillow Group Stock Performance

NASDAQ Z traded down $1.61 on Friday, reaching $68.74. 1,988,094 shares of the stock traded hands, compared to its average volume of 3,333,521. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a market cap of $16.67 billion, a price-to-earnings ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27. The company has a fifty day moving average price of $77.28 and a 200-day moving average price of $73.20.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly 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 5.01% and a negative return on equity of 2.12%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on Z. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Six 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 in the last three months. 23.76% of the stock is owned by insiders.

Zillow Group Company 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.