Tredje AP fonden Has $8.30 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Tredje AP fonden reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,141 shares of the financial services provider's stock after selling 36,423 shares during the quarter. Tredje AP fonden's holdings in Zillow Group were worth $8,304,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock worth $706,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance boosted its stake in shares of Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after buying an additional 120 shares during the period. Blue Trust Inc. grew its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 137 shares in the last quarter. Savant Capital LLC increased its stake in shares of Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock worth $503,000 after acquiring an additional 179 shares during the last quarter. Finally, True Vision MN LLC increased its stake in shares of Zillow Group by 2.6% in the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider's stock worth $550,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

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Zillow Group Stock Performance

Shares of NASDAQ:Z traded down $1.35 on Tuesday, hitting $69.59. The stock had a trading volume of 2,346,755 shares, compared to its average volume of 3,390,949. The firm's 50 day moving average price is $77.65 and its 200-day moving average price is $72.15. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of -148.06, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its 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%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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 note on Tuesday, February 11th. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

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.