Yost Capital Management LP Sells 28,000 Shares of Zillow Group, Inc. (NASDAQ:Z)

Yost Capital Management LP decreased its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,600 shares of the financial services provider's stock after selling 28,000 shares during the quarter. Zillow Group makes up 6.6% of Yost Capital Management LP's portfolio, making the stock its 8th biggest holding. Yost Capital Management LP's holdings in Zillow Group were worth $5,968,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in Z. National Bank of Canada FI bought a new stake in Zillow Group during the fourth quarter valued at about $55,000. Assetmark Inc. raised its stake in 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 acquiring an additional 741 shares during the period. Blue Trust Inc. lifted its holdings in Zillow Group by 17.5% during 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 boosted its position 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 worth $79,000 after purchasing an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position 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 worth $94,000 after purchasing an additional 579 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % 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 in the last three months. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

NASDAQ Z traded up $3.15 during trading on Tuesday, hitting $63.44. The company's stock had a trading volume of 587,191 shares, compared to its average volume of 3,356,511. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The company has a market cap of $15.39 billion, a PE ratio of -135.09, a P/E/G ratio of 9.24 and a beta of 2.19. The business's 50 day simple moving average is $70.72 and its 200-day simple moving average is $73.17.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its 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%. Analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on Z. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price 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 initiated coverage on Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price target for the company. Finally, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Seven 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 company. According to data from MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" and a consensus price target 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.