Picton Mahoney Asset Management Decreases Holdings in Zillow Group, Inc. (NASDAQ:Z)

Picton Mahoney Asset Management trimmed its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 76.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,800 shares of the financial services provider's stock after selling 37,720 shares during the period. Picton Mahoney Asset Management's holdings in Zillow Group were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of Z. FMR LLC increased its position in Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider's stock worth $159,285,000 after purchasing an additional 2,312,241 shares in the last quarter. Eminence Capital LP boosted its position in Zillow Group by 11.9% during the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider's stock worth $142,416,000 after purchasing an additional 329,191 shares during the period. Ninety One UK Ltd increased its holdings in Zillow Group by 29.4% in the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider's stock valued at $109,898,000 after purchasing an additional 431,070 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Zillow Group by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider's stock valued at $85,376,000 after purchasing an additional 80,529 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Zillow Group by 6.9% during the third quarter. Northern Trust Corp now owns 977,365 shares of the financial services provider's stock worth $45,115,000 after purchasing an additional 62,843 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on Z shares. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Thursday, May 2nd. Wedbush cut their target price on Zillow Group from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group raised their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Zillow Group from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $56.20.

Zillow Group Price Performance

Shares of NASDAQ Z traded up $1.43 during midday trading on Thursday, reaching $43.08. The company's stock had a trading volume of 3,022,495 shares, compared to its average volume of 3,964,761. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.06 billion, a price-to-earnings ratio of -60.36 and a beta of 1.79. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $61.13. The company has a 50 day moving average price of $47.81 and a 200 day moving average price of $48.93.

Zillow Group (NASDAQ:Z - Get Free Report) last posted 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). Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. On average, equities research analysts expect that Zillow Group, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, insider Susan Daimler sold 15,206 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $56.36, for a total value of $857,010.16. Following the transaction, the insider now owns 36,148 shares in the company, valued at $2,037,301.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Susan Daimler sold 15,206 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total value of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares in the company, valued at $2,037,301.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction dated 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 $2,801,052. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is owned by company insiders.

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.