Handelsbanken Fonder AB Grows Holdings in Zillow Group, Inc. (NASDAQ:Z)

Handelsbanken Fonder AB increased its holdings in Zillow Group, Inc. (NASDAQ:Z) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,600 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in Zillow Group were worth $3,451,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in Z. Ieq Capital LLC raised its holdings in Zillow Group by 40.7% in the 4th quarter. Ieq Capital LLC now owns 29,323 shares of the financial services provider’s stock worth $2,171,000 after purchasing an additional 8,489 shares in the last quarter. TKG Advisors LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at about $5,409,000. CIBC Asset Management Inc boosted its holdings in shares of Zillow Group by 13.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,907 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 831 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Zillow Group by 74.3% during the 4th quarter. Sanctuary Advisors LLC now owns 5,991 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 2,554 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Zillow Group by 68,865.0% in the fourth quarter. Allworth Financial LP now owns 13,793 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 13,773 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,838 shares of company stock valued at $4,617,389 over the last quarter. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $74.91 on Monday. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The stock’s 50-day simple moving average is $78.39 and its 200-day simple moving average is $69.93. The firm has a market capitalization 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.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on Z shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Morgan Stanley boosted their target price 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. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average target price of $82.00.

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.