Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Contour Asset Management LLC

Contour Asset Management LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,470,610 shares of the financial services provider's stock after selling 347,671 shares during the period. Zillow Group makes up approximately 5.3% of Contour Asset Management LLC's investment portfolio, making the stock its 8th largest position. Contour Asset Management LLC owned 1.06% of Zillow Group worth $182,949,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Synovus Financial Corp purchased a new stake in Zillow Group during the third quarter worth about $311,000. Nordea Investment Management AB lifted its position in Zillow Group by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider's stock valued at $887,000 after buying an additional 1,112 shares in the last quarter. Friedenthal Financial acquired a new position in Zillow Group during the fourth quarter valued at approximately $754,000. Rosenberg Matthew Hamilton lifted its position in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock worth $120,000 after purchasing an additional 245 shares in the last quarter. Finally, Accurate Wealth Management LLC increased its stake in shares of Zillow Group by 25.6% in the fourth quarter. Accurate Wealth Management LLC now owns 28,657 shares of the financial services provider's stock worth $2,041,000 after buying an additional 5,841 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

Shares of Z stock traded up $2.85 during mid-day trading on Monday, hitting $70.78. The stock had a trading volume of 1,647,821 shares, compared to its average volume of 3,258,815. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The firm has a market capitalization of $17.17 billion, a P/E ratio of -150.40, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The firm's 50-day moving average is $67.72 and its two-hundred day moving average is $73.66.

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

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was 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 directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. This represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,919 shares of company stock valued at $5,744,978 over the last quarter. 25.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on Z. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted 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. JPMorgan Chase & Co. dropped their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday. William Blair assumed coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating for the company. Finally, Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $83.71.

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.