Legal & General Group Plc Cuts Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Legal & General Group Plc lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 673,748 shares of the financial services provider's stock after selling 260,388 shares during the quarter. Legal & General Group Plc owned about 0.29% of Zillow Group worth $49,891,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in Z. National Bank of Canada FI acquired a new stake in Zillow Group in the 4th quarter valued at approximately $55,000. Assetmark Inc. boosted its position 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 period. Blue Trust Inc. grew its stake in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after buying an additional 579 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other news, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares of the company's stock, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock valued at $7,869,478 over the last quarter. Corporate insiders own 23.76% of the company's stock.

Zillow Group Price Performance

Shares of Z stock traded up $0.10 during trading hours on Friday, reaching $62.57. 1,793,907 shares of the company's stock were exchanged, compared to its average volume of 3,373,978. The company's 50 day moving average is $71.55 and its two-hundred day moving average is $73.07. The company has a market cap of $15.18 billion, a P/E ratio of -133.13, 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 released its quarterly earnings data 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on Z shares. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley increased their price target 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. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Six equities 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group 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.