Handelsbanken Fonder AB Increases Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Handelsbanken Fonder AB boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,600 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zillow Group were worth $3,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Zillow Group in the third quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 valued at $94,000 after acquiring an additional 579 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 245 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Zillow Group during the 3rd quarter valued at $128,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,481,540.32. This trade represents a 6.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,838 shares of company stock worth $4,617,389. 23.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Z has been the topic of several analyst reports. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Finally, Morgan Stanley lifted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Stock Down 4.4 %

NASDAQ Z opened at $74.91 on Monday. The company has a market capitalization of $18.17 billion, a P/E ratio of -159.38, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The firm has a 50-day moving average price of $78.39 and a two-hundred day moving average price of $69.93.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS 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.