Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in Zillow Group, Inc. (NASDAQ:Z) by 87.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,037,158 shares of the financial services provider’s stock after selling 14,453,073 shares during the quarter. Wellington Management Group LLP’s holdings in Zillow Group were worth $150,852,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in Z. The Manufacturers Life Insurance Company grew its holdings in shares of Zillow Group by 55.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,958 shares of the financial services provider’s stock worth $2,871,000 after acquiring an additional 16,055 shares during the period. Public Sector Pension Investment Board grew its holdings in Zillow Group by 30.0% in the third quarter. Public Sector Pension Investment Board now owns 20,508 shares of the financial services provider’s stock valued at $1,309,000 after purchasing an additional 4,730 shares during the last quarter. Cinctive Capital Management LP raised its stake in shares of Zillow Group by 36.4% during the 3rd quarter. Cinctive Capital Management LP now owns 30,001 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 8,001 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Zillow Group by 66.6% in the 3rd quarter. Janus Henderson Group PLC now owns 14,260 shares of the financial services provider’s stock worth $910,000 after buying an additional 5,700 shares in the last quarter. Finally, Investment Management Corp of Ontario acquired a new stake in Zillow Group in the 3rd quarter valued at about $337,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research reports. Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a “market perform” rating and a $80.00 target price for the company. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Six equities research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Price Performance

Z opened at $71.29 on Thursday. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of -151.68, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The business has a 50-day moving average of $76.77 and a two-hundred day moving average of $73.34.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. Equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $7,869,478. 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.