Erste Asset Management GmbH Reduces Stake in Zillow Group, Inc. (NASDAQ:Z)

Erste Asset Management GmbH lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,000 shares of the financial services provider’s stock after selling 60,000 shares during the quarter. Erste Asset Management GmbH owned about 0.06% of Zillow Group worth $10,445,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of Z. Assetmark Inc. lifted its holdings 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 buying an additional 741 shares during the period. Blue Trust Inc. lifted its holdings in Zillow Group by 17.5% in the fourth 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 during the period. Brooklyn Investment Group purchased a new stake in Zillow Group in the 3rd quarter worth approximately $74,000. Smartleaf Asset Management LLC boosted its position in 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 purchasing an additional 367 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake 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 during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on 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 sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,065 shares of company stock worth $7,660,165. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $68.37 on Friday. The firm has a 50 day moving average price of $77.92 and a 200 day moving average price of $71.77. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The company has a market capitalization of $16.58 billion, a PE ratio of -145.47, 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) earnings per share 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%. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on Z. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $82.00.

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.