DnB Asset Management AS Has $2.11 Million Position in Zillow Group, Inc. (NASDAQ:Z)

DnB Asset Management AS boosted its stake in Zillow Group, Inc. (NASDAQ:Z) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,492 shares of the financial services provider’s stock after acquiring an additional 865 shares during the period. DnB Asset Management AS’s holdings in Zillow Group were worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after purchasing an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Zillow Group during the fourth quarter valued at about $7,375,000. Vinva Investment Management Ltd bought a new position in shares of Zillow Group during the 4th quarter worth about $1,187,000. Donoghue Forlines LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after acquiring an additional 6,900 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on Z. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Morgan Stanley raised their price objective 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their price target 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, Wedbush reissued an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Six equities research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $81.71.

Zillow Group Price Performance

NASDAQ Z opened at $69.77 on Wednesday. The business’s fifty day moving average is $76.93 and its 200-day moving average is $73.35. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of -148.45, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is owned by company insiders.

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.