Sumitomo Mitsui Trust Group Inc. Sells 22,501 Shares of Zillow Group, Inc. (NASDAQ:Z)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,906 shares of the financial services provider's stock after selling 22,501 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Zillow Group worth $43,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new position in Zillow Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. grew its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after buying an additional 313 shares during the last quarter. Brooklyn Investment Group acquired a new position in Zillow Group in the 3rd quarter valued at about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after buying an additional 579 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on Z. Morgan Stanley increased their target price 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. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday. Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.00.

Insiders Place Their Bets

In other Zillow Group news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 17,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the sale, the insider now directly owns 22,739 shares in the company, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,838 shares of company stock valued at $6,619,079. Company insiders own 23.76% of the company's stock.

Zillow Group Stock Up 1.6 %

Shares of Z traded up $1.26 during trading hours on Friday, reaching $79.97. 2,516,526 shares of the stock traded hands, compared to its average volume of 2,963,074. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $78.64 and a 200 day simple moving average of $68.42. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The company has a market cap of $18.68 billion, a price-to-earnings ratio of -140.30, a PEG ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current year.

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.