UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Zillow Group, Inc. (NASDAQ:Z)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 960,052 shares of the financial services provider's stock after selling 1,313,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Zillow Group worth $71,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC bought a new stake in Zillow Group during the 4th quarter worth about $307,000. Tybourne Capital Management HK Ltd. acquired a new stake in shares of Zillow Group in the 4th quarter valued at approximately $15,304,000. Tidal Investments LLC increased its holdings in shares of Zillow Group by 411.8% during the 4th quarter. Tidal Investments LLC now owns 16,633 shares of the financial services provider's stock worth $1,232,000 after acquiring an additional 13,383 shares during the last quarter. Teza Capital Management LLC raised its holdings in Zillow Group by 66.3% in the 4th quarter. Teza Capital Management LLC now owns 38,609 shares of the financial services provider's stock valued at $2,859,000 after acquiring an additional 15,397 shares during the period. Finally, Snowden Capital Advisors LLC acquired a new position in shares of Zillow Group in the fourth quarter valued at about $249,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Down 1.1%

NASDAQ:Z traded down $0.76 on Thursday, hitting $66.47. The stock had a trading volume of 1,917,379 shares, compared to its average volume of 2,844,153. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of -141.43, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The business's 50-day simple moving average is $66.65 and its two-hundred day simple moving average is $73.97.

Wall Street Analyst Weigh In

Z has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, William Blair began coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating on the stock. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,154 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the transaction, the general counsel now owns 50,681 shares of the company's stock, valued at approximately $3,483,811.94. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 11,725 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the transaction, the chief operating officer now directly owns 130,186 shares in the company, valued at approximately $8,952,891.22. This represents a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,741 shares of company stock valued at $7,114,134 over the last three months. Corporate insiders own 23.76% of the company's stock.

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.