Nikko Asset Management Americas Inc. Lowers Stake in Zillow Group, Inc. (NASDAQ:Z)

Nikko Asset Management Americas Inc. trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,225 shares of the financial services provider's stock after selling 40,614 shares during the quarter. Nikko Asset Management Americas Inc. owned 0.10% of Zillow Group worth $17,194,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Assetmark Inc. raised its holdings in shares of Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after purchasing an additional 741 shares during the period. Blue Trust Inc. increased its position in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Zillow Group in the third quarter valued at $74,000. Smartleaf Asset Management LLC lifted its position 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 valued at $79,000 after buying an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after acquiring an additional 579 shares during the period. 71.01% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Finally, Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Zillow Group Stock Up 0.4 %

Shares of NASDAQ:Z traded up $0.31 during trading on Friday, hitting $71.25. The stock had a trading volume of 4,112,184 shares, compared to its average volume of 3,338,929. The company has a market capitalization of $17.28 billion, a PE ratio of -151.60, a PEG ratio of 9.24 and a beta of 2.27. The firm's fifty day moving average is $77.57 and its 200 day moving average is $72.23. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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 expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, COO Jun Choo sold 1,277 shares of the business'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 $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were 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 of the company's stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock worth $7,660,165 over the last 90 days. 23.76% of the stock is currently owned by insiders.

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.