Lbp Am Sa Has $302,000 Holdings in Zillow Group, Inc. (NASDAQ:Z)

LBP AM SA decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,076 shares of the financial services provider's stock after selling 4,640 shares during the period. LBP AM SA's holdings in Zillow Group were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in Z. FMR LLC lifted its position in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of Zillow Group in the third quarter valued at about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Zillow Group in the third quarter valued at about $38,310,000. Bridgewater Associates LP grew its stake in 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 purchasing an additional 424,615 shares during the last quarter. Finally, Mackay Shields LLC purchased a new position in Zillow Group in the fourth quarter valued at about $17,496,000. Institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.00.

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Zillow Group Price Performance

Shares of Z traded up $0.37 on Thursday, hitting $70.94. The company's stock had a trading volume of 3,619,837 shares, compared to its average volume of 2,878,845. The company has a 50 day moving average price of $77.58 and a 200 day moving average price of $72.24. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The company has a market capitalization of $17.21 billion, a PE ratio of -150.94, a PEG ratio of 9.24 and a beta of 2.27.

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

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 6,967 shares of the firm's 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 transaction, the insider now directly owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % 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, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,065 shares of company stock valued at $7,660,165. Company insiders own 23.76% of the company's stock.

About Zillow Group

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.