Zillow Group, Inc. (NASDAQ:Z) Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC grew its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 63.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,260 shares of the financial services provider's stock after purchasing an additional 4,756 shares during the period. Cerity Partners LLC's holdings in Zillow Group were worth $885,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in 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 worth $706,000 after purchasing an additional 116 shares in the last quarter. Independent Advisor Alliance raised its position in shares of Zillow Group by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after acquiring an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Zillow Group by 2.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after acquiring an additional 148 shares in the last quarter. Finally, Savant Capital LLC raised its position 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 worth $503,000 after acquiring an additional 179 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,919 shares of company stock worth $7,869,478. Company insiders own 23.76% of the company's stock.

Zillow Group Price Performance

NASDAQ Z traded up $1.35 during trading hours on Thursday, reaching $65.63. 215,224 shares of the company's stock traded hands, compared to its average volume of 2,982,763. The firm has a market cap of $15.92 billion, a PE ratio of -139.63, a PEG ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The firm has a 50-day simple moving average of $70.08 and a 200 day simple moving average of $73.04.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly 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 forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Z has been the subject of several research reports. William Blair initiated coverage on shares of Zillow Group in a research report on Monday. They issued a "market perform" rating for the company. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods assumed coverage on 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. Seven 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 stock. Based on data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and an average price target 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.