Maytus Capital Management LLC Has $5.92 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

Maytus Capital Management LLC reduced its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 46.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the financial services provider's stock after selling 70,000 shares during the quarter. Zillow Group makes up approximately 2.1% of Maytus Capital Management LLC's holdings, making the stock its 18th biggest position. Maytus Capital Management LLC's holdings in Zillow Group were worth $5,924,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. National Bank of Canada FI bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $55,000. Assetmark Inc. grew its stake in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after acquiring an additional 137 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Zillow Group by 53.3% during the fourth 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 during the last quarter. Finally, Natixis acquired a new position in Zillow Group during the fourth quarter worth about $80,000. Institutional investors own 71.01% of the company's stock.

Zillow Group Stock Performance

Z opened at $71.21 on Tuesday. The business's 50 day moving average price is $67.60 and its 200 day moving average price is $73.74. The stock has a market capitalization of $17.27 billion, a PE ratio of -151.51, a P/E/G ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on Z. Morgan Stanley lifted their target price on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Baird R W upgraded Zillow Group to a "hold" rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,641 shares of company stock worth $7,665,962 in the last quarter. Company insiders own 25.03% of the company's stock.

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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