Lbp Am Sa Sells 4,640 Shares of Zillow Group, Inc. (NASDAQ:Z)

Lbp Am Sa lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 53.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,076 shares of the financial services provider’s stock after selling 4,640 shares during the period. Lbp Am Sa’s holdings in Zillow Group were worth $302,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Assetmark Inc. grew its holdings in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 741 shares during the last quarter. Blue Trust Inc. grew its stake in Zillow Group by 17.5% in the 4th 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 during the last quarter. Brooklyn Investment Group bought a new position in Zillow Group in the 3rd quarter worth $74,000. Smartleaf Asset Management LLC lifted its position in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Zillow Group by 86.3% during the fourth 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 period. 71.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock worth $7,660,165 over the last three months. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on Z. Morgan Stanley lifted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Finally, Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Stock Performance

NASDAQ:Z opened at $70.58 on Monday. The company has a 50-day moving average of $77.74 and a 200-day moving average of $72.05. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of -150.17, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results 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%. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

About Zillow Group

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.