Baillie Gifford & Co. Reduces Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Baillie Gifford & Co. lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 987,643 shares of the financial services provider’s stock after selling 261,611 shares during the quarter. Baillie Gifford & Co. owned approximately 0.42% of Zillow Group worth $73,135,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of Z. abrdn plc grew its holdings in shares of Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after purchasing an additional 24,247 shares during the last quarter. IVY Lane Capital Management LLC grew its holdings in shares of Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after purchasing an additional 35,000 shares during the last quarter. Donoghue Forlines LLC purchased a new position in shares of Zillow Group during the fourth quarter worth about $1,932,000. Thrivent Financial for Lutherans purchased a new position in shares of Zillow Group during the third quarter worth about $6,267,000. Finally, Friedenthal Financial purchased a new position in shares of Zillow Group during the fourth quarter worth about $754,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on Z shares. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Jefferies Financial Group raised their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Trading Up 1.6 %

Shares of Zillow Group stock opened at $79.97 on Tuesday. The company has a market capitalization of $18.68 billion, a P/E ratio of -140.30, a P/E/G ratio of 16.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The business has a 50 day moving average price of $78.60 and a 200 day moving average price of $68.93.

Zillow Group (NASDAQ:Z) last released its 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 return on equity of 2.33% and a negative net margin of 6.17%. Sell-side analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity

In related news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on 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 in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,838 shares of company stock valued at $4,617,389 in the last ninety days. Company insiders own 23.76% of the company’s stock.

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.