Elo Mutual Pension Insurance Co Sells 1,608 Shares of Zillow Group, Inc. (NASDAQ:Z)

Elo Mutual Pension Insurance Co trimmed its position in Zillow Group, Inc. (NASDAQ:Z) by 11.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,363 shares of the financial services provider’s stock after selling 1,608 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Zillow Group were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of Z. Charles Schwab Investment Management Inc. lifted its holdings in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after buying an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Zillow Group during the 4th quarter valued at $7,375,000. Vinva Investment Management Ltd bought a new stake in Zillow Group in the 4th quarter valued at $1,187,000. Donoghue Forlines LLC bought a new stake in Zillow Group in the 4th quarter valued at $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 6,900 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Down 2.3 %

Shares of Z stock opened at $68.74 on Monday. The company 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, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The firm has a 50-day moving average price of $77.28 and a 200 day moving average price of $73.20.

Zillow Group (NASDAQ:Z) last posted its 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, research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on Z shares. Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group in a research note on Friday. They issued a “market perform” rating and a $80.00 target price for the company. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on 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 raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Six 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.71.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the transaction, the insider now owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,919 shares of company stock worth $7,869,478. Insiders own 23.76% of the company’s stock.

Zillow Group Company 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.