Arizona State Retirement System Sells 470 Shares of Zillow Group, Inc. (NASDAQ:Z)

Arizona State Retirement System lowered its holdings in Zillow Group, Inc. (NASDAQ:Z) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,593 shares of the financial services provider’s stock after selling 470 shares during the quarter. Arizona State Retirement System’s holdings in Zillow Group were worth $3,302,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after buying an additional 741 shares during the last quarter. Blue Trust Inc. raised its holdings in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares in the last quarter. Brooklyn Investment Group acquired a new position in Zillow Group in the 3rd quarter valued at approximately $74,000. Smartleaf Asset Management LLC lifted its position in shares of Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 worth $94,000 after purchasing an additional 579 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Z has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Five investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s 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 owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is owned by insiders.

Zillow Group Stock Performance

Shares of Z opened at $75.56 on Monday. The business’s fifty day moving average price is $78.09 and its two-hundred day moving average price is $71.54. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -160.77, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z) last released its 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 5.01% and a negative return on equity of 2.12%. As a group, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS 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.