Garde Capital Inc. Sells 3,696 Shares of Zillow Group, Inc. (NASDAQ:Z)

Garde Capital Inc. trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 283,555 shares of the financial services provider's stock after selling 3,696 shares during the quarter. Zillow Group accounts for approximately 1.1% of Garde Capital Inc.'s investment portfolio, making the stock its 24th largest holding. Garde Capital Inc. owned approximately 0.12% of Zillow Group worth $19,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in Z. Caxton Associates LP bought a new stake in shares of Zillow Group in the fourth quarter valued at about $51,835,000. Castle Hook Partners LP bought a new stake in shares of Zillow Group in the fourth quarter valued at about $49,887,000. Polar Capital Holdings Plc bought a new stake in shares of Zillow Group in the fourth quarter valued at about $33,504,000. Altimeter Capital Management LP raised its holdings in shares of Zillow Group by 52.0% in the fourth quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock valued at $96,320,000 after acquiring an additional 445,158 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Zillow Group in the fourth quarter valued at about $27,769,000. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. 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 research note on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. William Blair started coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. JPMorgan Chase & Co. decreased their price target on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $68.24 on Friday. The business has a 50-day moving average of $67.32 and a 200 day moving average of $72.73. Zillow Group, Inc. has a 12 month low of $41.67 and a 12 month high of $89.39. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of -200.71, a price-to-earnings-growth ratio of 12.47 and a beta of 2.12.

Insider Activity

In other news, CAO Jennifer Rock sold 5,997 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,154 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total value of $79,325.96. Following the sale, the general counsel now directly owns 50,681 shares in the company, valued at $3,483,811.94. This trade represents a 2.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,947 shares of company stock worth $7,199,000. 25.03% of the stock is currently owned by company insiders.

About Zillow Group

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.

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