Kessler Investment Group LLC Sells 19,815 Shares of Zillow Group, Inc. (NASDAQ:Z)

Kessler Investment Group LLC cut its holdings in Zillow Group, Inc. (NASDAQ:Z) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,156 shares of the financial services provider’s stock after selling 19,815 shares during the period. Zillow Group comprises 3.0% of Kessler Investment Group LLC’s holdings, making the stock its 16th largest holding. Kessler Investment Group LLC’s holdings in Zillow Group were worth $6,380,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Zillow Group during the 3rd quarter valued at about $35,000. Blue Trust Inc. grew its holdings in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Brooklyn Investment Group bought a new position in Zillow Group during the 3rd quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 579 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 245 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Trading Up 1.6 %

Shares of Zillow Group stock opened at $79.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The firm’s 50 day simple moving average is $78.64 and its two-hundred day simple moving average is $68.42.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. As a group, analysts expect that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on Z. Bank of America boosted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. 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, Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Five 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. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares in the company, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,838 shares of company stock worth $6,619,079 over the last 90 days. 23.76% of the stock is currently owned by company insiders.

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.