Wellington Management Group LLP Has $150.85 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Wellington Management Group LLP cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 87.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,037,158 shares of the financial services provider's stock after selling 14,453,073 shares during the quarter. Wellington Management Group LLP owned about 0.84% of Zillow Group worth $150,852,000 as of its most recent SEC filing.

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

Remove Ads

Zillow Group Stock Down 2.9 %

NASDAQ:Z traded down $1.97 during mid-day trading on Friday, reaching $66.54. 6,647,166 shares of the company were exchanged, compared to its average volume of 3,338,340. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market cap of $16.14 billion, a PE ratio of -141.57, a PEG ratio of 9.24 and a beta of 2.19. The company has a fifty day moving average of $76.28 and a 200 day moving average of $73.33.

Zillow Group (NASDAQ:Z - Get Free Report) last released 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%. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on Z shares. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Keefe, Bruyette & Woods started coverage on shares of 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. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective 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. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and a consensus target price of $81.71.

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.