Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Zevenbergen Capital Investments LLC

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

A number of other institutional investors also recently bought and sold shares of Z. FMR LLC increased its holdings in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the period. Ninety One UK Ltd increased its holdings in Zillow Group by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock worth $267,895,000 after buying an additional 111,231 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 worth $113,941,000 after buying an additional 11,727 shares during the last quarter. Groupama Asset Managment acquired a new stake in Zillow Group during the 3rd quarter valued at approximately $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $38,310,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research 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. Deutsche Bank Aktiengesellschaft boosted 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. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Insider Activity

In related news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Shares of Z stock traded down $0.09 on Tuesday, hitting $73.56. The stock had a trading volume of 2,676,836 shares, compared to its average volume of 3,309,612. The company's 50 day moving average price is $77.67 and its 200-day moving average price is $72.88. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm has a market capitalization of $17.84 billion, a P/E ratio of -156.51, a P/E/G 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 (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%. On average, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.