State of New Jersey Common Pension Fund D Decreases Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

State of New Jersey Common Pension Fund D lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,052 shares of the financial services provider’s stock after selling 775 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Zillow Group were worth $4,299,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the period. Brooklyn Investment Group purchased a new position in Zillow Group during the 3rd quarter valued at $74,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $128,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on Z. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley increased 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. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Five 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the firm’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 transaction of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,838 shares of company stock valued at $4,617,389. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $79.83 on Thursday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm’s 50-day moving average is $78.53 and its 200 day moving average is $69.26. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of -169.85, a PEG ratio of 9.43 and a beta of 2.03.

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 the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.