Swedbank AB Sells 30,000 Shares of Zillow Group, Inc. (NASDAQ:Z)

Swedbank AB reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,605 shares of the financial services provider’s stock after selling 30,000 shares during the period. Swedbank AB owned 0.07% of Zillow Group worth $11,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in Z. Robeco Institutional Asset Management B.V. increased its position in shares of Zillow Group by 209.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 194,317 shares of the financial services provider’s stock valued at $14,389,000 after purchasing an additional 131,546 shares during the last quarter. Blue Trust Inc. raised its position in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares during the period. Hillman Co. raised its position in Zillow Group by 88.1% in the fourth quarter. Hillman Co. now owns 348,301 shares of the financial services provider’s stock worth $25,792,000 after acquiring an additional 163,105 shares during the period. Donoghue Forlines LLC purchased a new position in Zillow Group in the fourth quarter valued at about $1,932,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $1,553,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America increased their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

Insiders Place Their Bets

In other news, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock worth $12,520,379 in the last three months. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Trading Down 2.0 %

Shares of Zillow Group stock opened at $82.22 on Friday. The company’s 50-day moving average price is $78.64 and its 200-day moving average price is $66.11. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $86.88. The company has a market cap of $19.20 billion, a price-to-earnings ratio of -144.25, a PEG ratio of 11.21 and a beta of 2.02.

About Zillow Group

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.