Lbp Am Sa Has $302,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Lbp Am Sa decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 53.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,076 shares of the financial services provider’s stock after selling 4,640 shares during the quarter. Lbp Am Sa’s holdings in Zillow Group were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. FMR LLC raised its position in shares of Zillow Group by 179.5% during the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the last quarter. Groupama Asset Managment acquired a new stake in shares of Zillow Group during the third quarter worth $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Zillow Group during the third quarter worth $38,310,000. Bridgewater Associates LP increased its holdings in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares during the last quarter. Finally, Mackay Shields LLC acquired a new position in Zillow Group in the fourth quarter valued at about $17,496,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

Z opened at $70.58 on Monday. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of -150.17, a P/E/G ratio of 9.24 and a beta of 2.27. The business’s 50-day moving average price is $77.74 and its two-hundred day moving average price is $72.05. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on Z shares. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Five investment 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, 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. Over the last 90 days, insiders sold 96,065 shares of company stock valued at $7,660,165. Corporate insiders own 23.76% of the company’s stock.

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.