New York State Common Retirement Fund Sells 4,500 Shares of Zillow Group, Inc. (NASDAQ:Z)

New York State Common Retirement Fund trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 88,514 shares of the financial services provider's stock after selling 4,500 shares during the quarter. New York State Common Retirement Fund's holdings in Zillow Group were worth $6,554,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its stake 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 valued at $325,337,000 after acquiring an additional 3,272,118 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of Zillow Group by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock valued at $267,895,000 after purchasing an additional 111,231 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Zillow Group during the 3rd quarter worth $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Zillow Group during the 3rd quarter worth $38,310,000. Finally, Bridgewater Associates LP lifted its position in shares of Zillow Group by 428.2% during the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider's stock worth $33,443,000 after buying an additional 424,615 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,098 shares of company stock valued at $3,611,337 over the last ninety days. Corporate insiders own 23.76% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. 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. Morgan Stanley increased their target price on 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, Deutsche Bank Aktiengesellschaft boosted 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. Five equities 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.00.

Zillow Group Trading Up 0.4 %

NASDAQ Z traded up $0.34 during mid-day trading on Friday, hitting $76.66. The company's stock had a trading volume of 2,845,306 shares, compared to its average volume of 2,856,046. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of -163.11, a PEG ratio of 9.24 and a beta of 2.03. The company's 50 day simple moving average is $78.27 and its 200 day simple moving average is $70.57. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings results 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.