Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Prudential PLC

Prudential PLC lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,138 shares of the financial services provider's stock after selling 5,069 shares during the period. Prudential PLC's holdings in Zillow Group were worth $380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. National Bank of Canada FI bought a new stake in shares of Zillow Group during the 4th quarter valued at approximately $55,000. Assetmark Inc. grew its stake 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 buying an additional 741 shares during the last quarter. Blue Trust Inc. increased 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 buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after acquiring an additional 579 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jun Choo sold 55,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. Corporate insiders own 23.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on Z shares. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.71.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $1.27 during midday trading on Monday, hitting $62.43. 346,480 shares of the company's stock traded hands, compared to its average volume of 3,382,677. The firm has a fifty day moving average of $73.48 and a 200 day moving average of $73.24. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of -132.83, a price-to-earnings-growth 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.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.