Zillow Group, Inc. (NASDAQ:Z) Stock Position Decreased by Legal & General Group Plc

Legal & General Group Plc cut its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673,748 shares of the financial services provider's stock after selling 260,388 shares during the period. Legal & General Group Plc owned 0.29% of Zillow Group worth $49,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in Z. National Bank of Canada FI purchased a new stake in shares of Zillow Group in the fourth quarter valued at approximately $55,000. Assetmark Inc. raised its holdings in shares of 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. boosted 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 acquiring an additional 137 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 valued at $79,000 after purchasing an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Zillow Group by 86.3% during the 4th 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 during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at $11,743,826.50. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,919 shares of company stock valued at $7,869,478. Corporate insiders own 23.76% of the company's stock.

Zillow Group Price Performance

Z traded up $0.10 during trading hours on Thursday, reaching $62.57. 1,793,857 shares of the stock traded hands, compared to its average volume of 3,372,242. 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 $15.18 billion, a price-to-earnings ratio of -133.13, a PEG ratio of 9.24 and a beta of 2.19. The firm's fifty day simple moving average is $72.06 and its two-hundred day simple moving average is $73.08.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on Z shares. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research note on Friday, March 28th. They set a "market perform" rating and a $80.00 target price on the stock. Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Six investment 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 stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average price target of $81.71.

About Zillow Group

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.