UniSuper Management Pty Ltd Sells 4,878 Shares of Zillow Group, Inc. (NASDAQ:Z)

UniSuper Management Pty Ltd lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 62.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,900 shares of the financial services provider’s stock after selling 4,878 shares during the period. UniSuper Management Pty Ltd’s holdings in Zillow Group were worth $215,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in Z. Ninety One UK Ltd increased its holdings in shares of Zillow Group by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock worth $267,895,000 after buying an additional 111,231 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Zillow Group by 0.8% in 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 acquiring an additional 11,727 shares during the last quarter. Groupama Asset Managment purchased a new stake in Zillow Group during the third quarter valued at about $83,005,000. Hillman Co. lifted its stake in Zillow Group by 88.1% during the fourth quarter. Hillman Co. now owns 348,301 shares of the financial services provider’s stock worth $25,792,000 after purchasing an additional 163,105 shares during the last quarter. Finally, Mackay Shields LLC bought a new stake in Zillow Group during the fourth quarter worth about $17,496,000. Institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction dated 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 directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on Z. Keefe, Bruyette & Woods initiated coverage on Zillow Group in a report on Friday. They set a “market perform” rating and a $80.00 price objective on the stock. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price target 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. Six equities 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

Zillow Group Price Performance

NASDAQ Z opened at $68.56 on Tuesday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The stock has a market capitalization of $16.63 billion, a PE ratio of -145.87, a PEG ratio of 9.24 and a beta of 2.27. The business’s 50-day moving average is $77.10 and its 200 day moving average is $73.28.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.