Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lowered its stake in Zillow Group, Inc. (NASDAQ:Z) by 71.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,000 shares of the financial services provider’s stock after selling 50,000 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Zillow Group were worth $1,481,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after buying an additional 116 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Zillow Group by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. grew its stake in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 148 shares during the last quarter. Finally, Savant Capital LLC raised its position in shares of Zillow Group by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 179 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value 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. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 over the last quarter. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on Z shares. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their target price on Zillow Group from $60.00 to $75.00 and gave the stock 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. Finally, Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a report on Friday, March 28th. They issued a “market perform” rating and a $80.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.71.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $66.54 on Friday. The company has a market cap of $16.14 billion, a PE ratio of -141.57, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The firm has a 50 day simple moving average of $76.28 and a 200 day simple moving average of $73.41. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z) last issued its earnings results 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.