Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,801 shares of the financial services provider's stock after selling 6,988 shares during the period. Cetera Investment Advisers' holdings in Zillow Group were worth $652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of Zillow Group in the 4th quarter valued at about $55,000. Assetmark Inc. boosted its position in shares of Zillow Group by 7,410.0% during 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 in the last quarter. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% in the fourth 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. Smartleaf Asset Management LLC boosted its holdings in Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares in the last quarter. Finally, Natixis purchased a new position in shares of Zillow Group in the fourth quarter worth $80,000. Institutional investors own 71.01% of the company's stock.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,997 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were 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 owns 58,320 shares in the company, valued at $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,154 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total transaction of $79,325.96. Following the sale, the general counsel now owns 50,681 shares of the company's stock, valued at approximately $3,483,811.94. The trade was a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,741 shares of company stock valued at $11,414,034. 23.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on Z. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Eight 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $83.71.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $0.22 during trading hours on Wednesday, reaching $67.23. 958,663 shares of the company were exchanged, compared to its average volume of 3,217,131. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The stock's fifty day moving average is $66.73 and its 200 day moving average is $74.02. The firm has a market cap of $16.23 billion, a PE ratio of -143.04, a PEG ratio of 9.24 and a beta of 2.23.

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.