Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,255 shares of the financial services provider's stock after selling 14,899 shares during the period. Thrivent Financial for Lutherans' holdings in Zillow Group were worth $6,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kennondale Capital Management LLC purchased a new position in Zillow Group during the fourth quarter valued at approximately $1,506,000. Cibc World Markets Corp increased its holdings in shares of Zillow Group by 4.8% during the 4th quarter. Cibc World Markets Corp now owns 51,254 shares of the financial services provider's stock valued at $3,795,000 after purchasing an additional 2,332 shares in the last quarter. American Assets Capital Advisers LLC acquired a new position in shares of Zillow Group in the 4th quarter valued at $504,000. Envestnet Portfolio Solutions Inc. grew its position in Zillow Group by 10.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,117 shares of the financial services provider's stock valued at $379,000 after buying an additional 467 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Zillow Group by 267.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,480 shares of the financial services provider's stock valued at $14,846,000 after buying an additional 145,889 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Ratings Changes

Z has been the subject of several recent analyst reports. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped 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, February 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised 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. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and an average target price of $82.00.

Zillow Group Trading Down 1.6 %

NASDAQ Z traded down $1.17 during trading hours on Thursday, reaching $70.35. The company had a trading volume of 2,054,254 shares, compared to its average volume of 3,300,864. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The stock has a market capitalization of $17.06 billion, a P/E ratio of -149.68, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The stock has a 50-day moving average of $77.59 and a 200 day moving average of $72.88.

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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO David A. Beitel sold 2,025 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares in the company, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,065 shares of company stock worth $7,660,165. Corporate insiders own 23.76% of the company's stock.

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.