Thrivent Financial for Lutherans Sells 14,899 Shares of Zillow Group, Inc. (NASDAQ:Z)

Thrivent Financial for Lutherans cut its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Kennondale Capital Management LLC bought a new stake in Zillow Group in the fourth quarter worth $1,506,000. Cibc World Markets Corp lifted its position in shares of Zillow Group by 4.8% in the fourth quarter. Cibc World Markets Corp now owns 51,254 shares of the financial services provider's stock worth $3,795,000 after buying an additional 2,332 shares during the last quarter. American Assets Capital Advisers LLC bought a new stake in shares of Zillow Group during the 4th quarter worth about $504,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Zillow Group by 10.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,117 shares of the financial services provider's stock valued at $379,000 after acquiring an additional 467 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Zillow Group by 267.2% in the 4th 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 acquiring an additional 145,889 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have commented on Z. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. 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. Deutsche Bank Aktiengesellschaft boosted their target price 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. Morgan Stanley raised their price target 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, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.00.

Insider Buying and Selling at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the firm'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 $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,065 shares of company stock valued at $7,660,165. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Down 0.3 %

Shares of Z stock traded down $0.19 during mid-day trading on Tuesday, reaching $73.46. The stock had a trading volume of 1,464,137 shares, compared to its average volume of 3,312,191. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The firm has a market cap of $17.82 billion, a PE ratio of -156.28, a P/E/G ratio of 9.24 and a beta of 2.27. The firm's 50 day simple moving average is $77.63 and its 200 day simple moving average is $72.74.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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 forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal 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.