Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 87.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,037,158 shares of the financial services provider’s stock after selling 14,453,073 shares during the period. Wellington Management Group LLP owned 0.84% of Zillow Group worth $150,852,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in Zillow Group by 45.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,323 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 2,606 shares during the period. California Public Employees Retirement System raised its holdings in Zillow Group by 10.3% in the 4th quarter. California Public Employees Retirement System now owns 201,428 shares of the financial services provider’s stock valued at $14,916,000 after buying an additional 18,798 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Zillow Group by 1,337.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider’s stock valued at $29,413,000 after buying an additional 369,580 shares during the last quarter. Allstate Corp purchased a new position in Zillow Group during the fourth quarter worth about $343,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock valued at $529,000 after acquiring an additional 148 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Up 2.2 %

Shares of Z opened at $71.29 on Thursday. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of -151.68, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The stock has a 50 day moving average price of $76.77 and a 200 day moving average price of $73.34.

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 the consensus estimate 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 anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group in a report on Friday, March 28th. They set a “market perform” rating and a $80.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.71.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 2,025 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $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 a total of 98,919 shares of company stock worth $7,869,478 in the last 90 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.