Vanguard Group Inc. Sells 254,955 Shares of Zillow Group, Inc. (NASDAQ:Z)

Vanguard Group Inc. reduced its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,961,378 shares of the financial services provider's stock after selling 254,955 shares during the period. Vanguard Group Inc. owned about 8.97% of Zillow Group worth $1,552,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares during the period. Independent Advisor Alliance raised its stake in Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after buying an additional 120 shares during the last quarter. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after acquiring an additional 137 shares in the last quarter. Savant Capital LLC grew its stake in shares of Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock worth $503,000 after acquiring an additional 179 shares during the last quarter. Finally, True Vision MN LLC grew its stake in shares of Zillow Group by 2.6% in the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider's stock worth $550,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a report on Friday. They set a "market perform" rating and a $80.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.71.

Zillow Group Trading Up 1.8 %

Shares of Z stock traded up $1.21 on Tuesday, reaching $69.77. The company's stock had a trading volume of 2,121,499 shares, compared to its average volume of 3,326,430. The stock's fifty day simple moving average is $76.93 and its 200-day simple moving average is $73.35. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of -148.45, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

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 analysts' consensus estimates 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%. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, CTO David A. Beitel sold 2,025 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares of the company's stock, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated 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 owns 142,636 shares of the company's stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is currently owned by insiders.

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.