Polymer Capital Management HK LTD Has $1.48 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

Polymer Capital Management HK LTD lowered its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 71.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the financial services provider's stock after selling 50,000 shares during the period. Polymer Capital Management HK LTD's holdings in Zillow Group were worth $1,481,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. National Bank of Canada FI acquired a new position in shares of Zillow Group in the fourth quarter worth about $55,000. Assetmark Inc. boosted its stake in Zillow Group by 7,410.0% in 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 period. Blue Trust Inc. grew its position in 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 in the last quarter. Smartleaf Asset Management LLC raised its stake 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 period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 579 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $0.64 during trading on Friday, hitting $61.17. 1,730,884 shares of the company's stock traded hands, compared to its average volume of 3,381,559. The company has a market cap of $14.84 billion, a PE ratio of -128.98, a PEG ratio of 9.24 and a beta of 2.19. The firm's fifty day moving average price is $73.94 and its 200 day moving average price is $73.22. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39.

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

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. This represents a 1.96 % 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, 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 completion of the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock valued at $7,869,478 in the last three months. 23.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on Z. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods started coverage on Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 target price on the stock. Finally, 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. Six analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.71.

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.