Zillow Group, Inc. (NASDAQ:Z) Holdings Trimmed by Independent Franchise Partners LLP

Independent Franchise Partners LLP reduced its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,882,613 shares of the financial services provider's stock after selling 851,811 shares during the period. Zillow Group makes up about 6.0% of Independent Franchise Partners LLP's investment portfolio, making the stock its 5th biggest position. Independent Franchise Partners LLP owned approximately 4.66% of Zillow Group worth $805,857,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in Zillow Group by 50.1% during the fourth quarter. Sterling Capital Management LLC now owns 9,218 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 3,076 shares during the period. Quinn Opportunity Partners LLC bought a new position in shares of Zillow Group in the fourth quarter worth approximately $222,000. CenterBook Partners LP purchased a new stake in shares of Zillow Group in the fourth quarter worth $5,248,000. APG Asset Management N.V. bought a new stake in shares of Zillow Group during the 4th quarter valued at $7,873,000. Finally, Bank of Nova Scotia bought a new position in Zillow Group in the 4th quarter worth $14,665,000. Institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Keefe, Bruyette & Woods began coverage on Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 price objective on the stock. Morgan Stanley increased their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Six investment 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.71.

Zillow Group Stock Up 0.2 %

Shares of NASDAQ:Z traded up $0.10 during midday trading on Friday, reaching $62.57. The company's stock had a trading volume of 1,793,907 shares, compared to its average volume of 3,373,978. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The firm has a market capitalization of $15.18 billion, a PE ratio of -133.13, a P/E/G ratio of 9.24 and a beta of 2.19. The stock has a fifty day moving average of $71.55 and a 200 day moving average of $73.07.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results 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%. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now owns 127,467 shares of the company's stock, valued at $9,906,735.24. The trade was a 5.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 over the last ninety days. Corporate insiders own 23.76% of the company's stock.

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.