Marshall Wace LLP Sells 144,119 Shares of Zillow Group, Inc. (NASDAQ:Z)

Marshall Wace LLP cut its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 68.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,707 shares of the financial services provider's stock after selling 144,119 shares during the quarter. Marshall Wace LLP's holdings in Zillow Group were worth $5,014,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Zillow Group during the fourth quarter worth about $55,000. Assetmark Inc. boosted 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 purchasing an additional 741 shares during the last quarter. Blue Trust Inc. grew its position 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 valued at $68,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Zillow Group by 53.3% in the fourth 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. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after buying an additional 579 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on Z shares. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted 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. Keefe, Bruyette & Woods started coverage on Zillow Group in a research report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, William Blair initiated coverage on shares of Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Eight equities 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. Based on data from MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" and an average price target of $81.71.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 6,967 shares of the firm's 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 directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,307 shares of company stock worth $7,732,490 in the last three months. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Zillow Group stock traded up $1.42 during midday trading on Tuesday, reaching $67.35. 1,027,873 shares of the company were exchanged, compared to its average volume of 3,334,345. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of -143.19, a P/E/G ratio of 9.24 and a beta of 2.19. The firm's 50-day simple moving average is $69.24 and its 200-day simple moving average is $73.30. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.