Commonwealth Equity Services LLC Cuts Holdings in Zillow Group, Inc. (NASDAQ:Z)

Commonwealth Equity Services LLC lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,859 shares of the financial services provider’s stock after selling 578 shares during the period. Commonwealth Equity Services LLC’s holdings in Zillow Group were worth $5,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Zillow Group by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Zillow Group in the 4th quarter valued at $7,375,000. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group in the 4th quarter valued at $1,932,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $6,267,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on Z. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley increased 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 report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Trading Up 0.4 %

Zillow Group stock opened at $71.25 on Friday. The business’s fifty day simple moving average is $77.57 and its two-hundred day simple moving average is $72.34. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of -151.60, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business’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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is owned by insiders.

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.