Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 8.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,283 shares of the financial services provider’s stock after selling 788 shares during the period. Maryland State Retirement & Pension System’s holdings in Zillow Group were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the period. Groupama Asset Managment acquired a new position in shares of Zillow Group in the third quarter worth about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zillow Group during the 3rd quarter worth about $38,310,000. Bridgewater Associates LP grew its position in shares of Zillow Group by 428.2% during the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares during the period. Finally, Mackay Shields LLC purchased a new position in shares of Zillow Group in the 4th quarter valued at about $17,496,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 6,967 shares of the firm’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 transaction of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,065 shares of company stock valued at $7,660,165. Insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 3.4 %

NASDAQ:Z opened at $73.65 on Tuesday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The company has a market cap of $17.86 billion, a P/E ratio of -156.70, a P/E/G ratio of 9.24 and a beta of 2.27. The company’s 50-day moving average price is $77.63 and its 200-day moving average price is $72.74.

Zillow Group (NASDAQ:Z) last issued 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.