Chiron Investment Management LLC Lowers Stake in Zillow Group, Inc. (NASDAQ:Z)

Chiron Investment Management LLC lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,755 shares of the financial services provider’s stock after selling 3,463 shares during the quarter. Chiron Investment Management LLC’s holdings in Zillow Group were worth $1,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after buying an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Zillow Group in the 4th quarter worth about $7,375,000. Vinva Investment Management Ltd bought a new position in Zillow Group during the 4th quarter valued at about $1,187,000. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of 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 during the period. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jun Choo sold 55,000 shares of the 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 transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,919 shares of company stock worth $7,869,478. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

NASDAQ Z opened at $61.16 on Monday. The business’s 50 day moving average price is $73.48 and its 200-day moving average price is $73.24. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The company has a market cap of $14.83 billion, a P/E ratio of -130.13, a P/E/G ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on Z. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Morgan Stanley boosted 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 report on Monday, January 13th. Finally, Keefe, Bruyette & Woods started coverage on Zillow Group in a report on Friday, March 28th. They issued a “market perform” rating and a $80.00 target price on the stock. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.71.

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.