Zillow Group, Inc. (NASDAQ:Z) Holdings Trimmed by Capital World Investors

Capital World Investors cut its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,181,805 shares of the financial services provider's stock after selling 210,127 shares during the quarter. Capital World Investors owned about 3.07% of Zillow Group worth $531,813,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares during the period. Independent Advisor Alliance boosted its position in shares of Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after purchasing an additional 148 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of Zillow Group by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 179 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Z traded up $0.61 during trading hours on Friday, hitting $66.44. 485,156 shares of the stock were exchanged, compared to its average volume of 3,340,708. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of -141.55, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The stock has a 50-day simple moving average of $69.80 and a 200-day simple moving average of $73.07. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39.

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

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction dated 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 owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 in the last three months. 23.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Z has been the topic of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a 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. William Blair started coverage on shares of Zillow Group in a research note on Monday. They set a "market perform" rating for the company. Morgan Stanley increased their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.71.

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.