Iridian Asset Management LLC CT Decreases Holdings in Zillow Group, Inc. (NASDAQ:Z)

Iridian Asset Management LLC CT lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,347 shares of the financial services provider's stock after selling 36,739 shares during the quarter. Iridian Asset Management LLC CT's holdings in Zillow Group were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its holdings in Zillow Group by 7.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,595 shares of the financial services provider's stock worth $1,262,000 after purchasing an additional 1,839 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Zillow Group by 38.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,878 shares of the financial services provider's stock worth $487,000 after acquiring an additional 2,746 shares during the period. MetLife Investment Management LLC acquired a new position in Zillow Group during the 1st quarter worth $531,000. Great West Life Assurance Co. Can lifted its holdings in shares of Zillow Group by 52.5% in the first quarter. Great West Life Assurance Co. Can now owns 102,746 shares of the financial services provider's stock valued at $5,368,000 after buying an additional 35,379 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Zillow Group by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider's stock worth $33,103,000 after purchasing an additional 9,463 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of the company's 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 directly owns 48,294 shares in the company, valued at $2,801,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Errol G. Samuelson sold 4,219 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dan Spaulding sold 3,086 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 in the last 90 days. 15.30% of the stock is currently owned by company insiders.

Zillow Group Price Performance

Shares of Z traded down $0.84 during trading hours on Friday, reaching $44.42. The stock had a trading volume of 2,301,547 shares, compared to its average volume of 3,919,476. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $61.13. The stock has a market capitalization of $10.37 billion, a PE ratio of -65.98 and a beta of 1.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The company's 50-day moving average is $52.69 and its two-hundred day moving average is $49.05.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on Z shares. 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 research note on Friday, January 26th. Jefferies Financial Group raised 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $58.75.

Zillow Group Company Profile

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.