Zillow Group, Inc. $Z Stock Position Trimmed by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital trimmed its Zillow stake by 22%, selling 174,183 shares and finishing the quarter with 617,563 shares worth about $42.13 million (≈0.26% of the company).
• Insiders sold stock: CEO Jeremy Wacksman sold 13,661 shares (and the general counsel also sold), with insiders offloading 60,801 shares worth roughly $2.68 million over the last three months; insiders now own 23.76%.
• Market and analyst view: Institutional ownership is 71.01%, analysts have a consensus "Hold" with a $90.60 target, while Zillow trades near $40.79 (52‑week range $40.08–$93.88) and has a market cap of about $9.8 billion.

Zevenbergen Capital Investments LLC trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 617,563 shares of the financial services provider's stock after selling 174,183 shares during the period. Zevenbergen Capital Investments LLC owned 0.26% of Zillow Group worth $42,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisory Group LLC boosted its position in shares of Zillow Group by 28.0% during the fourth quarter. Private Advisory Group LLC now owns 153,088 shares of the financial services provider's stock worth $10,444,000 after buying an additional 33,451 shares during the period. Mirador Capital Partners LP raised its stake in Zillow Group by 2.8% during the 4th quarter. Mirador Capital Partners LP now owns 79,129 shares of the financial services provider's stock valued at $5,398,000 after acquiring an additional 2,151 shares in the last quarter. True Vision MN LLC boosted its position in Zillow Group by 8.2% during the 4th quarter. True Vision MN LLC now owns 8,427 shares of the financial services provider's stock worth $575,000 after acquiring an additional 639 shares during the period. E. Ohman J or Asset Management AB acquired a new position in Zillow Group during the 4th quarter worth $391,000. Finally, SG Americas Securities LLC grew its stake in shares of Zillow Group by 472.1% in the fourth quarter. SG Americas Securities LLC now owns 245,205 shares of the financial services provider's stock worth $16,728,000 after purchasing an additional 202,343 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Insiders Place Their Bets

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total value of $604,499.25. Following the transaction, the chief executive officer owned 116,322 shares of the company's stock, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 2,602 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $44.42, for a total value of $115,580.84. Following the sale, the general counsel directly owned 33,355 shares of the company's stock, valued at approximately $1,481,629.10. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 60,801 shares of company stock worth $2,683,986. Company insiders own 23.76% of the company's stock.

Wall Street Analyst Weigh In

Z has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Zillow Group from $80.00 to $65.00 and set a "market perform" rating on the stock in a research note on Monday, February 9th. Zelman & Associates raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Zillow Group in a research note on Wednesday, January 21st. Mizuho downgraded shares of Zillow Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $90.60.

Zillow Group Stock Up 0.9%

Shares of Zillow Group stock opened at $40.79 on Tuesday. The business has a fifty day simple moving average of $50.00 and a 200-day simple moving average of $65.11. Zillow Group, Inc. has a fifty-two week low of $40.08 and a fifty-two week high of $93.88. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 453.27, a price-to-earnings-growth ratio of 2.26 and a beta of 2.10.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company's platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company's automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.

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