Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 96.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,201 shares of the financial services provider's stock after selling 368,249 shares during the quarter. Sei Investments Co.'s holdings in Zillow Group were worth $1,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal London Asset Management Ltd. boosted its stake in shares of Zillow Group by 4.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 61,546 shares of the financial services provider's stock worth $4,557,000 after buying an additional 2,456 shares during the last quarter. Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group during the 4th quarter valued at about $1,187,000. Xponance Inc. lifted its stake in shares of Zillow Group by 8.0% in the 4th quarter. Xponance Inc. now owns 14,727 shares of the financial services provider's stock worth $1,091,000 after purchasing an additional 1,088 shares during the period. Kennondale Capital Management LLC purchased a new position in shares of Zillow Group in the fourth quarter worth approximately $1,506,000. Finally, Cibc World Markets Corp grew its position in Zillow Group by 4.8% during the fourth quarter. Cibc World Markets Corp now owns 51,254 shares of the financial services provider's stock valued at $3,795,000 after buying an additional 2,332 shares during the period. Institutional investors own 71.01% of the company's stock.

Zillow Group Trading Down 1.1 %

Shares of Z stock traded down $0.65 on Friday, reaching $61.16. 3,229,969 shares of the company's stock were exchanged, compared to its average volume of 3,390,160. The company's fifty day simple moving average is $73.48 and its 200 day simple moving average is $73.19. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The stock has a market capitalization of $14.83 billion, a PE ratio of -130.13, a P/E/G ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last posted 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Baird R W raised Zillow Group to a "hold" rating in a report 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" and an average price target of $81.71.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction dated 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 owns 86,853 shares in the company, valued at $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 over the last three months. 23.76% of the stock is owned by company insiders.

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.