Zillow Group, Inc. (NASDAQ:Z) Holdings Cut by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 81.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,452 shares of the financial services provider's stock after selling 566,135 shares during the period. Voloridge Investment Management LLC owned about 0.06% of Zillow Group worth $9,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ninety One UK Ltd grew its position in shares of Zillow Group by 3.2% during the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock worth $267,895,000 after buying an additional 111,231 shares in the last quarter. Dorsal Capital Management LP lifted its stake in Zillow Group by 4.7% in the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock valued at $248,068,000 after buying an additional 150,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Zillow Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after acquiring an additional 28,728 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Zillow Group by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock valued at $114,109,000 after purchasing an additional 65,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Zillow Group by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock valued at $113,941,000 after purchasing an additional 11,727 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on Z shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating for the company. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Eight research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Zillow Group Stock Performance

Shares of Zillow Group stock traded down $0.16 on Friday, hitting $66.31. The stock had a trading volume of 470,094 shares, compared to its average volume of 3,207,339. The firm has a market capitalization of $16.01 billion, a P/E ratio of -141.30, a PEG ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a twelve month low of $39.20 and a twelve month high of $89.39. The stock has a 50 day moving average of $66.50 and a 200 day moving average of $73.91.

Insider Activity at Zillow Group

In other news, COO Jun Choo sold 11,725 shares of the firm'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 transaction of $806,328.25. Following the sale, the chief operating officer now owns 130,186 shares of the company's stock, valued at $8,952,891.22. This trade represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,741 shares of company stock worth $7,114,134. 23.76% of the stock is 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.