Axa S.A. Sells 5,407,866 Shares of Zillow Group, Inc. (NASDAQ:Z)

AXA S.A. cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,134 shares of the financial services provider's stock after selling 5,407,866 shares during the period. AXA S.A.'s holdings in Zillow Group were worth $5,342,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of Z. National Bank of Canada FI acquired a new stake in Zillow Group in the fourth quarter valued at $55,000. Assetmark Inc. lifted its stake in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 741 shares during the period. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after buying an additional 367 shares during the period. Finally, Natixis purchased a new position in Zillow Group in the fourth quarter valued at about $80,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at $3,878,435. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now directly owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. This represents a 5.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock valued at $5,744,978 in the last three months. 25.03% of the stock is currently owned by company insiders.

Zillow Group Price Performance

Z stock traded up $2.71 on Monday, reaching $70.64. The company's stock had a trading volume of 1,278,529 shares, compared to its average volume of 2,930,984. The company has a market capitalization of $17.13 billion, a P/E ratio of -150.29, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The firm has a fifty day moving average of $67.72 and a two-hundred day moving average of $73.66. Zillow Group, Inc. has a 52 week low of $39.05 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Keefe, Bruyette & Woods decreased their target price on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.71.

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.