Zillow Group, Inc. (NASDAQ:Z) Position Trimmed by Greencape Capital Pty Ltd

Greencape Capital Pty Ltd trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 34.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,717,258 shares of the financial services provider's stock after selling 916,503 shares during the quarter. Zillow Group comprises approximately 37.9% of Greencape Capital Pty Ltd's portfolio, making the stock its 2nd biggest position. Greencape Capital Pty Ltd owned about 0.74% of Zillow Group worth $127,163,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of Z. Blue Trust Inc. raised its stake in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after buying an additional 313 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Zillow Group during the third quarter valued at $74,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 579 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in Zillow Group by 17.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock valued at $120,000 after acquiring an additional 245 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new position in Zillow Group in the third quarter worth about $128,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

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Zillow Group Stock Performance

Zillow Group stock traded down $2.38 during mid-day trading on Monday, hitting $74.28. The company's stock had a trading volume of 3,204,374 shares, compared to its average volume of 2,864,771. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The stock has a market cap of $18.02 billion, a PE ratio of -158.04, a P/E/G ratio of 9.24 and a beta of 2.03. The company has a 50 day moving average of $78.27 and a 200-day moving average of $70.81.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data 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, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Z has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Morgan Stanley raised their target price 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. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Five equities 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. According to data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average target price of $82.00.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the business's stock in a transaction 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 approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,098 shares of company stock worth $3,611,337 over the last three months. 23.76% of the stock is owned by corporate insiders.

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.