Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 46.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,084 shares of the financial services provider's stock after selling 189,510 shares during the period. Alliancebernstein L.P. owned 0.09% of Zillow Group worth $16,223,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of Z. Assetmark Inc. raised its holdings in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after acquiring an additional 741 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares during the period. Smartleaf Asset Management LLC grew its holdings in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after purchasing an additional 579 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock worth $120,000 after purchasing an additional 245 shares during the period. Institutional investors own 71.01% of the company's stock.

Zillow Group Trading Up 1.4 %

Shares of Z stock traded up $0.86 during trading hours on Monday, hitting $62.02. The company's stock had a trading volume of 181,279 shares, compared to its average volume of 3,382,171. The stock has a market cap of $15.04 billion, a PE ratio of -131.96, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The company has a 50 day moving average of $73.48 and a 200 day moving average of $73.24.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods began coverage on Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective on the stock. Six 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.71.

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.