Brown Brothers Harriman & Co. Purchases 148 Shares of Zillow Group, Inc. (NASDAQ:Z)

Brown Brothers Harriman & Co. boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,148 shares of the financial services provider’s stock after acquiring an additional 148 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Zillow Group were worth $529,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 741 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after buying an additional 137 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after buying an additional 367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 579 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 245 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a report on Friday. They set a “market perform” rating and a $80.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their price target 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. Six 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, the company currently has an average rating of “Moderate Buy” and an average target price of $81.71.

Insider Activity

In other news, COO Jun Choo sold 1,277 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 over the last three months. 23.76% of the stock is currently owned by insiders.

Zillow Group Stock Down 2.3 %

NASDAQ:Z opened at $68.74 on Monday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The company has a fifty day moving average of $77.28 and a 200-day moving average of $73.20. The firm has a market capitalization of $16.67 billion, a P/E ratio of -146.26, a P/E/G ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.