Zillow Group, Inc. (NASDAQ:Z) is Independent Franchise Partners LLP's 5th Largest Position

Independent Franchise Partners LLP lessened its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,882,613 shares of the financial services provider's stock after selling 851,811 shares during the period. Zillow Group accounts for approximately 6.0% of Independent Franchise Partners LLP's portfolio, making the stock its 5th largest holding. Independent Franchise Partners LLP owned approximately 4.66% of Zillow Group worth $805,857,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in shares of Zillow Group during the 4th quarter worth $55,000. Assetmark Inc. boosted its holdings in shares of 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 in the last quarter. Blue Trust Inc. increased its position in shares of Zillow Group by 17.5% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after buying an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 buying an additional 579 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % 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 90 days. Company insiders own 23.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on Z shares. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group in a research note on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.71.

Zillow Group Stock Up 0.2 %

Z traded up $0.10 during trading on Thursday, hitting $62.57. The company's stock had a trading volume of 1,793,907 shares, compared to its average volume of 3,372,242. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The business's 50 day simple moving average is $72.06 and its 200-day simple moving average is $73.08. The firm has a market cap of $15.18 billion, a PE ratio of -133.13, 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 data 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%. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.