Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 434,134 shares of the financial services provider’s stock after selling 32,700 shares during the period. Swiss National Bank owned 0.19% of Zillow Group worth $32,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after buying an additional 3,272,118 shares during the period. 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 purchased a new position in Zillow Group in the 3rd quarter valued at $38,310,000. Bridgewater Associates LP increased its stake in Zillow Group by 428.2% in the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after buying an additional 424,615 shares during the period. Finally, Mackay Shields LLC purchased a new stake in shares of Zillow Group in the fourth quarter valued at about $17,496,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on Z shares. 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. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. The trade was a 5.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 Stock Performance

NASDAQ Z opened at $70.94 on Tuesday. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The company’s 50 day moving average price is $77.65 and its 200 day moving average price is $72.15. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of -150.94, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate 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 forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.