Baillie Gifford & Co. Has $107.30 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Baillie Gifford & Co. lowered its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,854,455 shares of the financial services provider's stock after selling 397,500 shares during the quarter. Baillie Gifford & Co. owned 0.79% of Zillow Group worth $107,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Zillow Group by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider's stock valued at $1,166,953,000 after buying an additional 1,837,593 shares during the period. FMR LLC raised its holdings in shares of Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider's stock valued at $159,285,000 after buying an additional 2,312,241 shares during the period. Eminence Capital LP raised its holdings in shares of Zillow Group by 11.9% in the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider's stock valued at $142,416,000 after buying an additional 329,191 shares during the period. Geode Capital Management LLC raised its holdings in shares of Zillow Group by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 2,687,165 shares of the financial services provider's stock valued at $119,353,000 after buying an additional 66,732 shares during the period. Finally, Dorsal Capital Management LLC increased its holdings in Zillow Group by 69.9% during the 4th quarter. Dorsal Capital Management LLC now owns 1,750,000 shares of the financial services provider's stock worth $56,368,000 after purchasing an additional 720,000 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Buying and Selling at Zillow Group

In other news, insider Dan Spaulding sold 3,086 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the sale, the insider now owns 48,294 shares in the company, valued at $2,801,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Bradley D. Owens sold 966 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now owns 17,181 shares in the company, valued at $996,669.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,289 shares of company stock worth $9,642,508. 15.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Zillow Group from $46.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Jefferies Financial Group upped their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $58.75.

Zillow Group Price Performance

NASDAQ Z traded down $2.86 during mid-day trading on Wednesday, hitting $45.13. The stock had a trading volume of 4,127,059 shares, compared to its average volume of 3,961,313. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $61.13. The company has a market cap of $10.54 billion, a price-to-earnings ratio of -66.37 and a beta of 1.75. The company has a 50 day simple moving average of $52.95 and a 200 day simple moving average of $49.07. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analysts' expectations of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. Equities analysts forecast that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

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.