Amundi Cuts Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Amundi lowered its stake in Zillow Group, Inc. (NASDAQ:Z) by 93.4% during the 4th quarter, HoldingsChannel reports. The firm owned 325,625 shares of the financial services provider’s stock after selling 4,632,423 shares during the period. Amundi’s holdings in Zillow Group were worth $23,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intellectus Partners LLC purchased a new stake in Zillow Group in the fourth quarter worth approximately $224,000. PNC Financial Services Group Inc. raised its position in Zillow Group by 1.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 116 shares during the period. Candriam S.C.A. raised its position in Zillow Group by 28.9% in the fourth quarter. Candriam S.C.A. now owns 26,289 shares of the financial services provider’s stock worth $1,947,000 after acquiring an additional 5,887 shares during the period. Carmel Capital Partners LLC raised its position in Zillow Group by 6.7% in the fourth quarter. Carmel Capital Partners LLC now owns 19,616 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 1,227 shares during the period. Finally, Aigen Investment Management LP raised its position in Zillow Group by 73.0% in the fourth quarter. Aigen Investment Management LP now owns 19,780 shares of the financial services provider’s stock worth $1,465,000 after acquiring an additional 8,347 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,065 shares of company stock worth $7,660,165. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $68.37 on Friday. The company has a market cap of $16.58 billion, a P/E ratio of -145.47, a P/E/G ratio of 9.24 and a beta of 2.27. The firm’s fifty day moving average is $77.92 and its two-hundred day moving average is $71.77. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39.

Zillow Group (NASDAQ:Z) last announced its quarterly 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, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. 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 research report on Tuesday, February 11th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Five 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

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.