Schroder Investment Management Group Sells 4,200,173 Shares of Zillow Group, Inc. (NASDAQ:Z)

Schroder Investment Management Group reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,045 shares of the financial services provider's stock after selling 4,200,173 shares during the period. Schroder Investment Management Group's holdings in Zillow Group were worth $1,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its stake in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 741 shares in the last quarter. Blue Trust Inc. grew its position in shares of Zillow Group by 17.5% during 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 in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after buying an additional 367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after buying an additional 579 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in Zillow Group by 17.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock valued at $120,000 after acquiring an additional 245 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of Z traded down $0.65 during trading hours on Friday, hitting $61.16. 3,229,969 shares of the company were exchanged, compared to its average volume of 3,390,160. The company has a market capitalization of $14.83 billion, a PE ratio of -130.13, a PEG ratio of 9.24 and a beta of 2.19. The firm has a fifty day simple moving average of $73.48 and a 200-day simple moving average of $73.19. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39.

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 (EPS) 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%. Sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Baird R W upgraded Zillow Group to a "hold" rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. Six investment 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 data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $81.71.

Insider Activity

In other news, COO Jun Choo sold 55,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is owned by corporate insiders.

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.