Zillow Group, Inc. (NASDAQ:Z) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lowered its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 62.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900 shares of the financial services provider's stock after selling 4,878 shares during the period. UniSuper Management Pty Ltd's holdings in Zillow Group were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Zillow Group by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock valued at $113,941,000 after purchasing an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Zillow Group during the 4th quarter worth $7,375,000. Vinva Investment Management Ltd purchased a new position in Zillow Group during the fourth quarter worth about $1,187,000. Donoghue Forlines LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock valued at $3,267,000 after acquiring an additional 6,900 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised 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. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Six equities research 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.71.

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Insiders Place Their Bets

In other news, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 in the last quarter. Insiders own 23.76% of the company's stock.

Zillow Group Trading Up 2.2 %

Z stock traded up $1.52 during midday trading on Wednesday, hitting $71.29. 1,866,046 shares of the company's stock were exchanged, compared to its average volume of 3,313,728. The firm has a 50 day moving average price of $76.77 and a 200-day moving average price of $73.34. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of -151.68, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal 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.