Zillow Group, Inc. (NASDAQ:Z) Shares Sold by AXQ Capital LP

AXQ Capital LP lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 40.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,849 shares of the financial services provider’s stock after selling 3,348 shares during the quarter. AXQ Capital LP’s holdings in Zillow Group were worth $359,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after purchasing an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth approximately $7,375,000. Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group during the fourth quarter worth approximately $1,187,000. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Zillow Group by 18.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after buying an additional 6,900 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $71.25 on Monday. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The business has a fifty day moving average of $77.57 and a two-hundred day moving average of $72.60. The company has a market cap of $17.28 billion, a P/E ratio of -151.60, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on Z. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Insider Activity

In related news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value 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 represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 over the last 90 days. 23.76% of the stock is currently owned by corporate insiders.

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.