Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 179,579 shares of the financial services provider’s stock after selling 4,950 shares during the period. Rhumbline Advisers owned about 0.08% of Zillow Group worth $13,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning boosted its position in shares of Zillow Group by 3.0% in the third quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock worth $1,222,000 after buying an additional 558 shares during the period. Blue Trust Inc. boosted its position in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Zillow Group in the third quarter worth $204,000. International Assets Investment Management LLC boosted its position in shares of Zillow Group by 8,162.8% in the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock worth $15,732,000 after buying an additional 243,415 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Zillow Group by 2.4% in the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity

In related news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,838 shares of company stock worth $4,617,389. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on Z shares. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Stock Down 4.4 %

Z stock opened at $74.91 on Friday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The company has a market cap of $18.17 billion, a PE ratio of -159.38, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03. The business’s 50-day simple moving average is $78.39 and its 200 day simple moving average is $69.74.

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

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.