New York State Common Retirement Fund Reduces Holdings in Zillow Group, Inc. (NASDAQ:Z)

New York State Common Retirement Fund decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,000 shares of the financial services provider's stock after selling 28,261 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Zillow Group worth $7,233,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Zillow Group during the third quarter worth about $33,000. Montag A & Associates Inc. acquired a new position in shares of Zillow Group during the 3rd quarter valued at about $37,000. Peoples Bank KS acquired a new stake in shares of Zillow Group in the third quarter worth approximately $46,000. Clearstead Advisors LLC grew its holdings in Zillow Group by 1,724.1% in the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 1,000 shares during the period. Finally, Van ECK Associates Corp raised its stake in Zillow Group by 9.6% during the third quarter. Van ECK Associates Corp now owns 4,715 shares of the financial services provider's stock worth $218,000 after purchasing an additional 412 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on Z shares. JPMorgan Chase & Co. cut their price objective on Zillow Group from $65.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday. Wedbush lowered their target price on Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday. Jefferies Financial Group raised their price target on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $56.20.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Jeremy Hofmann sold 4,636 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $268,888.00. Following the transaction, the chief financial officer now owns 104,251 shares of the company's stock, valued at approximately $6,046,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $178,988.00. Following the completion of the sale, 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. In the last quarter, insiders have sold 171,289 shares of company stock worth $9,642,508. Corporate insiders own 23.76% of the company's stock.

Zillow Group Stock Up 2.1 %

Z traded up $0.85 during trading on Friday, reaching $40.69. 5,360,748 shares of the stock traded hands, compared to its average volume of 3,946,609. The stock's 50-day simple moving average is $48.55 and its two-hundred day simple moving average is $48.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of -58.97 and a beta of 1.79.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative return on equity of 2.30% and a negative net margin of 7.93%. During the same quarter in the previous year, the business posted ($0.06) EPS. As a group, equities research analysts expect that Zillow Group, Inc. will post -0.18 EPS for the current 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.