Fayez Sarofim & Co Sells 28,005 Shares of Zillow Group, Inc. (NASDAQ:Z)

Fayez Sarofim & Co trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 698,303 shares of the financial services provider's stock after selling 28,005 shares during the quarter. Fayez Sarofim & Co owned 0.30% of Zillow Group worth $51,709,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of Z. National Bank of Canada FI bought a new position in Zillow Group during the fourth quarter worth about $55,000. Assetmark Inc. raised its position 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. lifted its stake 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 buying an additional 137 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after buying an additional 367 shares during the last quarter. Finally, Natixis bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $80,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Errol G. Samuelson sold 2,854 shares of the company'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 completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Stock Performance

Z stock traded up $0.44 during mid-day trading on Friday, hitting $66.27. The company had a trading volume of 1,231,437 shares, compared to its average volume of 3,346,416. The firm has a market cap of $16.07 billion, a PE ratio of -141.00, 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 stock's fifty day moving average price is $69.51 and its two-hundred day moving average price is $73.10.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Z has been the topic of a number of analyst reports. Keefe, Bruyette & Woods initiated 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 on the stock. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Seven 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 stock. According to 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.