Public Employees Retirement System of Ohio Cuts Holdings in Zillow Group, Inc. (NASDAQ:Z)

Public Employees Retirement System of Ohio trimmed its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,371 shares of the financial services provider's stock after selling 4,368 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Zillow Group were worth $4,026,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in Z. National Bank of Canada FI acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $55,000. Assetmark Inc. raised its holdings in shares of Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after acquiring an additional 741 shares during the last quarter. Blue Trust Inc. boosted its stake in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after purchasing an additional 367 shares in the last quarter. Finally, Natixis bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Trading Up 1.1%

Shares of Z stock traded up $0.75 during midday trading on Tuesday, reaching $69.11. 1,825,436 shares of the stock were exchanged, compared to its average volume of 3,200,904. Zillow Group, Inc. has a 1 year low of $41.29 and a 1 year high of $89.39. The firm has a market cap of $16.69 billion, a PE ratio of -147.04, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The company's 50 day moving average is $66.26 and its two-hundred day moving average is $73.78.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,154 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total transaction of $79,325.96. Following the completion of the sale, the general counsel now directly owns 50,681 shares in the company, valued at approximately $3,483,811.94. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,741 shares of company stock worth $7,114,134. 25.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research note on Monday, April 28th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, William Blair assumed coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating for the company. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

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.