Avory & Company LLC Sells 88,449 Shares of Zillow Group, Inc. (NASDAQ:Z)

Avory & Company LLC trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,289 shares of the financial services provider's stock after selling 88,449 shares during the period. Zillow Group comprises about 8.6% of Avory & Company LLC's holdings, making the stock its 5th largest position. Avory & Company LLC owned approximately 0.08% of Zillow Group worth $14,006,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after buying an additional 196 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Zillow Group in the 4th quarter worth $55,000. Assetmark Inc. raised its holdings 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 last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 valued at $79,000 after purchasing an additional 367 shares in the last quarter. Finally, Natixis bought a new position in shares of Zillow Group during the fourth quarter valued at about $80,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 11,725 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the sale, the chief operating officer now owns 130,186 shares in the company, valued at $8,952,891.22. The trade was a 8.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the completion of the sale, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,093 shares of company stock valued at $6,989,688. 25.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on Z. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $69.22 on Friday. The firm has a fifty day moving average price of $67.83 and a two-hundred day moving average price of $72.38. The company has a market cap of $16.71 billion, a price-to-earnings ratio of -203.59, a PEG ratio of 12.64 and a beta of 2.12. Zillow Group, Inc. has a one year low of $41.67 and a one year high of $89.39.

Zillow Group 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.

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.