Denver PWM LLC Lowers Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Denver PWM LLC lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 849 shares of the financial services provider’s stock after selling 270 shares during the quarter. Denver PWM LLC’s holdings in Zillow Group were worth $63,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in Z. Blue Trust Inc. raised its position in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Zillow Group in the 3rd quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 worth $94,000 after purchasing an additional 579 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Zillow Group in the 3rd quarter worth about $128,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Zillow Group Trading Down 4.4 %

NASDAQ Z opened at $74.91 on Friday. The stock’s 50 day moving average is $78.39 and its 200 day moving average is $69.74. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market cap of $18.17 billion, a PE ratio of -159.38, a P/E/G ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last posted its quarterly 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock valued at $4,617,389 in the last ninety days. Corporate insiders own 23.76% of the company’s stock.

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.