Eminence Capital LP Has $215.85 Million Holdings in Zillow Group, Inc. (NASDAQ:Z)

Eminence Capital LP lessened its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,914,916 shares of the financial services provider's stock after selling 974,827 shares during the quarter. Zillow Group comprises approximately 3.3% of Eminence Capital LP's holdings, making the stock its 3rd biggest holding. Eminence Capital LP owned approximately 1.25% of Zillow Group worth $215,850,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Zillow Group by 1.2% during 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 purchasing an additional 116 shares during the period. Independent Advisor Alliance lifted 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 buying an additional 120 shares during the period. Blue Trust Inc. grew its holdings 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 purchasing an additional 137 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings 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, DoubleLine ETF Adviser LP increased its holdings in Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Z has been the subject of a number of analyst reports. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Zillow Group Stock Up 4.2%

Shares of Z stock traded up $2.85 during trading hours on Monday, reaching $70.78. The company's stock had a trading volume of 1,704,767 shares, compared to its average volume of 3,259,162. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of -150.67, a PEG ratio of 9.24 and a beta of 2.23. The firm's 50 day simple moving average is $67.72 and its 200-day simple moving average is $73.66.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data 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 net margin of 5.01% and a negative return on equity of 2.12%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. This represents a 5.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock worth $5,744,978 in the last 90 days. Corporate insiders own 25.03% of the company's stock.

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.