AGF Management Ltd. Sells 864,806 Shares of Zillow Group, Inc. (NASDAQ:Z)

AGF Management Ltd. reduced its stake in Zillow Group, Inc. (NASDAQ:Z) by 85.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,347 shares of the financial services provider’s stock after selling 864,806 shares during the period. AGF Management Ltd. owned about 0.06% of Zillow Group worth $10,763,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 116 shares in the last quarter. Independent Advisor Alliance increased its position in Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. increased its position in 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 acquiring an additional 137 shares during the last quarter. Savant Capital LLC increased its position in Zillow Group by 2.7% during the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 179 shares during the last quarter. Finally, True Vision MN LLC increased its position in Zillow Group by 2.6% during the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 186 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of Z opened at $70.17 on Wednesday. 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 capitalization of $17.02 billion, a price-to-earnings ratio of -149.30, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The firm has a 50-day simple moving average of $78.04 and a 200-day simple moving average of $71.67.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on Z. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $82.00.

Insider Transactions at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last ninety days. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Company 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.