Empowered Funds LLC Cuts Stake in Zillow Group, Inc. (NASDAQ:Z)

Empowered Funds LLC lowered its position in Zillow Group, Inc. (NASDAQ:Z) by 29.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,651 shares of the financial services provider’s stock after selling 1,506 shares during the quarter. Empowered Funds LLC’s holdings in Zillow Group were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of 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 during the period. Brighton Jones LLC boosted its stake in shares of Zillow Group by 2.4% during the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 166 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after purchasing an additional 198 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of Zillow Group by 17.9% during 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 during the period. Finally, Mirador Capital Partners LP boosted its stake in shares of Zillow Group by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 292 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. 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 report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.00.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $74.91 on Friday. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of -159.38, a PEG ratio of 9.42 and a beta of 2.03. The stock’s 50-day simple moving average is $78.39 and its two-hundred day simple moving average is $69.55. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,175 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,481,540.32. This trade represents a 6.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,838 shares of company stock valued at $4,617,389. 23.76% of the stock is owned by company 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.