Principal Financial Group Inc. Sells 2,326 Shares of Zillow Group, Inc. (NASDAQ:Z)

Principal Financial Group Inc. trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,039 shares of the financial services provider’s stock after selling 2,326 shares during the period. Principal Financial Group Inc.’s holdings in Zillow Group were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its position 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 buying an additional 137 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Zillow Group during the third quarter valued at approximately $74,000. 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 valued at $94,000 after acquiring an additional 579 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in Zillow Group by 17.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Zillow Group during the third quarter worth $128,000. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction 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 transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,065 shares of company stock valued at $7,660,165. Corporate insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on Z. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley upped 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 note on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Five 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Zillow Group Stock Performance

Zillow Group stock opened at $74.07 on Friday. The company’s fifty day moving average price is $78.16 and its 200 day moving average price is $71.15. The stock has a market capitalization of $17.97 billion, a P/E ratio of -157.60, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year 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 (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%. Sell-side analysts predict 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.