Zevenbergen Capital Investments LLC Sells 84,540 Shares of Zillow Group, Inc. (NASDAQ:Z)

Zevenbergen Capital Investments LLC cut its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 875,220 shares of the financial services provider's stock after selling 84,540 shares during the period. Zillow Group comprises about 1.3% of Zevenbergen Capital Investments LLC's holdings, making the stock its 24th largest position. Zevenbergen Capital Investments LLC owned about 0.37% of Zillow Group worth $64,810,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of Z. Charles Schwab Investment Management Inc. lifted its holdings in shares of Zillow Group by 0.8% during 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 acquiring an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Zillow Group during the fourth quarter valued at approximately $7,375,000. Vinva Investment Management Ltd bought a new position in Zillow Group during the fourth quarter worth $1,187,000. Donoghue Forlines LLC bought a new stake in shares of Zillow Group during the 4th quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Zillow Group by 18.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after purchasing an additional 6,900 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Baird R W upgraded Zillow Group to a "hold" rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods began coverage on Zillow Group in a research note on Friday. They set a "market perform" rating and a $80.00 target price for the company. Six analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.71.

Zillow Group Price Performance

Z stock traded down $1.61 during trading hours on Friday, reaching $68.74. 1,988,094 shares of the stock were exchanged, compared to its average volume of 3,333,521. The firm's 50-day moving average is $77.28 and its 200-day moving average is $72.96. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a market cap of $16.67 billion, a price-to-earnings ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last 90 days. Company insiders own 23.76% of the company's stock.

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.