Viewpoint Capital Management LLC Sells 1,300 Shares of Zillow Group, Inc. (NASDAQ:Z)

Viewpoint Capital Management LLC decreased its stake in Zillow Group, Inc. (NASDAQ:Z) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,304 shares of the financial services provider’s stock after selling 1,300 shares during the period. Viewpoint Capital Management LLC’s holdings in Zillow Group were worth $911,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of Z. abrdn plc grew its position in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after acquiring an additional 24,247 shares during the last quarter. IVY Lane Capital Management LLC raised its holdings in Zillow Group by 35.0% in the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after purchasing an additional 35,000 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Zillow Group in the fourth quarter worth about $1,932,000. Thrivent Financial for Lutherans purchased a new stake in Zillow Group in the third quarter worth $6,267,000. Finally, Friedenthal Financial bought a new position in shares of Zillow Group in the 4th quarter worth about $754,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the completion of the sale, the insider now owns 22,739 shares of the company’s stock, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,730 shares of company stock worth $10,896,034 in the last 90 days. 23.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on Z. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Bank of America raised their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.67.

Zillow Group Stock Performance

Shares of Z opened at $86.32 on Wednesday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The stock’s 50 day moving average is $78.82 and its two-hundred day moving average is $68.06. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities analysts expect that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Zillow Group Company 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.