Kessler Investment Group LLC Has $6.38 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Kessler Investment Group LLC lessened its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,156 shares of the financial services provider's stock after selling 19,815 shares during the period. Zillow Group makes up 3.0% of Kessler Investment Group LLC's portfolio, making the stock its 16th biggest position. Kessler Investment Group LLC's holdings in Zillow Group were worth $6,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. FMR LLC increased its position in shares of Zillow Group by 179.5% during the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Groupama Asset Managment acquired a new stake in shares of Zillow Group during the third quarter worth approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Zillow Group during the third quarter worth approximately $38,310,000. Bridgewater Associates LP raised its stake in shares of Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider's stock valued at $33,443,000 after acquiring an additional 424,615 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Zillow Group by 8,162.8% in the 3rd quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider's stock worth $15,732,000 after acquiring an additional 243,415 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Zillow Group Stock Down 0.9 %

Shares of NASDAQ Z traded down $0.75 during trading hours on Wednesday, hitting $79.83. The company had a trading volume of 2,885,377 shares, compared to its average volume of 2,931,019. The stock has a market capitalization of $18.65 billion, a P/E ratio of -169.85, a price-to-earnings-growth ratio of 9.43 and a beta of 2.03. The firm's 50 day moving average is $78.53 and its 200-day moving average is $69.26. 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 released its quarterly earnings data 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 3,033 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares of the company's stock, valued at approximately $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction that occurred 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 owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,838 shares of company stock valued at $4,617,389 in the last three months. 23.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on Z shares. Needham & Company LLC reaffirmed a "hold" rating 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. Jefferies Financial Group raised their price target on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. 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. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.00.

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.