NZS Capital LLC Sells 62,560 Shares of Zillow Group, Inc. (NASDAQ:Z)

NZS Capital LLC cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,757 shares of the financial services provider's stock after selling 62,560 shares during the quarter. NZS Capital LLC owned 0.12% of Zillow Group worth $20,864,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Zillow Group in the fourth quarter worth $55,000. Assetmark Inc. raised its holdings in shares of 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 acquiring an additional 741 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Zillow Group by 17.5% during the fourth 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 raised its holdings in shares of 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 acquiring an additional 367 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Zillow Group during the fourth quarter worth $80,000. 71.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock worth $5,744,978 in the last quarter. Corporate insiders own 23.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on Z shares. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. William Blair started coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating on the stock. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Finally, KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Zillow Group Price Performance

Z remained flat at $67.33 during trading on Thursday. 1,858,034 shares of the company traded hands, compared to its average volume of 3,336,200. The stock has a market capitalization of $16.33 billion, a P/E ratio of -143.26, a PEG ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The stock has a 50 day moving average of $68.86 and a 200-day moving average of $73.22.

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