Mitsubishi UFJ Trust & Banking Corp Has $5.01 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,664 shares of the financial services provider's stock after selling 5,199 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Zillow Group were worth $5,011,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in Z. Charles Schwab Investment Management Inc. grew its stake in Zillow Group by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock valued at $113,941,000 after buying an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $7,375,000. Vinva Investment Management Ltd acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $1,187,000. Donoghue Forlines LLC bought a new position in shares of Zillow Group in the fourth quarter worth about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Zillow Group by 18.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after purchasing an additional 6,900 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Trading Down 3.4 %

Shares of Z traded down $2.44 on Thursday, reaching $68.85. 1,878,103 shares of the company's stock were exchanged, compared to its average volume of 3,308,530. The business 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 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market capitalization of $16.70 billion, a P/E ratio of -146.49, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

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Zillow Group (NASDAQ:Z - Get Free Report) last released 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%. Equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,919 shares of company stock valued at $7,869,478. Company insiders own 23.76% of the company's stock.

Analysts Set New Price Targets

Z has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley lifted 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. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Finally, Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a report on Friday, March 28th. They issued a "market perform" rating and a $80.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $81.71.

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.