Wells Fargo & Company MN Has $4.07 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Wells Fargo & Company MN lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 97.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,925 shares of the financial services provider's stock after selling 1,938,328 shares during the quarter. Wells Fargo & Company MN's holdings in Zillow Group were worth $4,067,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of Zillow Group by 1.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Zillow Group by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after acquiring an additional 137 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after purchasing an additional 148 shares in the last quarter. Finally, Savant Capital LLC grew its stake in shares of Zillow Group by 2.7% during the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 179 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Z has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Needham & Company LLC reissued 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 report on Friday, January 31st. Finally, William Blair initiated coverage on Zillow Group in a report on Monday. They issued a "market perform" rating for the company. Seven equities research 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. Corporate insiders own 23.76% of the company's stock.

Zillow Group Stock Up 2.5 %

Shares of NASDAQ Z traded up $1.55 during midday trading on Wednesday, hitting $64.28. 1,909,685 shares of the company's stock were exchanged, compared to its average volume of 3,355,978. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company's 50 day moving average price is $70.08 and its 200 day moving average price is $73.04. The firm has a market capitalization of $15.59 billion, a PE ratio of -136.77, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

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 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, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current 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.