Groupama Asset Managment Lowers Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Groupama Asset Managment lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 900,000 shares of the financial services provider's stock after selling 400,000 shares during the period. Groupama Asset Managment owned 0.39% of Zillow Group worth $66,645,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. National Bank of Canada FI bought a new position in Zillow Group during the fourth quarter worth about $55,000. Assetmark Inc. lifted its position in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after buying an additional 741 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after acquiring an additional 137 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 579 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on Z. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Keefe, Bruyette & Woods initiated coverage on Zillow Group in a research report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted 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. Six 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $1.52 during trading on Wednesday, hitting $71.29. The company's stock had a trading volume of 1,866,046 shares, compared to its average volume of 3,313,728. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of -151.68, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The stock has a 50-day moving average price of $76.77 and a two-hundred day moving average price of $73.34. 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) EPS for the quarter, missing analysts' consensus estimates 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, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % 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 quarter. Company insiders own 23.76% of the company's stock.

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.