Vanguard Group Inc. lowered its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,137,124 shares of the financial services provider's stock after selling 1,626,953 shares during the period. Vanguard Group Inc. owned 9.05% of Zillow Group worth $1,222,994,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $25,000. Principal Securities Inc. bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $53,000. Focus Financial Network Inc. ADV bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $210,000. Gladstone Institutional Advisory LLC bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $213,000. Finally, Motley Fool Asset Management LLC bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $218,000. Institutional investors own 71.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on Z. Jefferies Financial Group boosted their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Wedbush cut their price target on Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $56.20.
Get Our Latest Stock Report on Z
Zillow Group Price Performance
Shares of NASDAQ:Z traded up $0.08 during trading on Friday, hitting $48.91. 5,503,338 shares of the company were exchanged, compared to its average volume of 3,934,276. The business's 50 day moving average is $43.23 and its 200-day moving average is $49.90. The company has a market capitalization of $11.55 billion, a P/E ratio of -70.88 and a beta of 1.95. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $61.13.
Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). The company had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same quarter last year, the company posted ($0.06) earnings per share. Equities analysts forecast that Zillow Group, Inc. will post -0.4 earnings per share for the current year.
Insider Buying and Selling
In related news, General Counsel Bradley D. Owens sold 1,373 shares of the business's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the sale, the general counsel now owns 40,194 shares of the company's stock, valued at $1,774,565.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Zillow Group news, General Counsel Bradley D. Owens sold 1,373 shares of the company's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the sale, the general counsel now owns 40,194 shares of the company's stock, valued at $1,774,565.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 2,640 shares of the company's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total transaction of $116,608.80. Following the sale, the chief accounting officer now directly owns 83,744 shares in the company, valued at approximately $3,698,972.48. The disclosure for this sale can be found here. Insiders have sold a total of 64,260 shares of company stock valued at $2,846,739 over the last 90 days. 23.76% of the stock is owned by insiders.
Zillow Group Company Profile
(Free Report)
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.
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