NZS Capital LLC Sells 62,560 Shares of Zillow Group, Inc. (NASDAQ:Z)

NZS Capital LLC reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,757 shares of the financial services provider’s stock after selling 62,560 shares during the quarter. NZS Capital LLC owned 0.12% of Zillow Group worth $20,864,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. bought a new stake in Zillow Group in the 4th quarter valued at $27,769,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Zillow Group by 1,337.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider’s stock valued at $29,413,000 after purchasing an additional 369,580 shares during the last quarter. Mackay Shields LLC bought a new position in shares of Zillow Group in the fourth quarter valued at about $17,496,000. Norges Bank acquired a new stake in shares of Zillow Group during the 4th quarter worth about $15,923,000. Finally, Bridgewater Associates LP boosted its holdings in shares of Zillow Group by 38.3% during the 4th quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider’s stock worth $53,652,000 after buying an additional 200,760 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity

In related news, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock valued at $7,869,478 in the last ninety days. 23.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, William Blair initiated coverage on Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $66.27 on Friday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The firm has a market cap of $16.07 billion, a PE ratio of -141.00, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The firm’s fifty day moving average is $69.51 and its 200-day moving average is $73.19.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data 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 return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current 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.