Zevenbergen Capital Investments LLC Has $42.13 Million Holdings in Zillow Group, Inc. $Z

Zevenbergen Capital Investments LLC lessened its position in Zillow Group, Inc. (NASDAQ:Z) by 22.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 617,563 shares of the financial services provider’s stock after selling 174,183 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Zillow Group were worth $42,130,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Zillow Group during the 3rd quarter valued at $27,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group in the third quarter worth $29,000. Cullen Frost Bankers Inc. grew its holdings in shares of Zillow Group by 58.6% during the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after buying an additional 163 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after buying an additional 135 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in Zillow Group by 4,119.0% during the third quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after buying an additional 865 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other news, General Counsel Bradley D. Owens sold 2,602 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $44.42, for a total transaction of $115,580.84. Following the transaction, the general counsel owned 33,355 shares in the company, valued at approximately $1,481,629.10. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 13,661 shares of Zillow Group stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer directly owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. The trade was a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 60,801 shares of company stock valued at $2,683,986. Insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods reduced their price target on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.60.

Zillow Group Trading Up 0.9%

Z opened at $40.79 on Tuesday. The stock has a fifty day moving average price of $50.00 and a 200 day moving average price of $65.11. Zillow Group, Inc. has a 1 year low of $40.08 and a 1 year high of $93.88. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 453.27, a PEG ratio of 2.26 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.