Schroder Investment Management Group Sells 4,200,173 Shares of Zillow Group, Inc. (NASDAQ:Z)

Schroder Investment Management Group reduced its stake in Zillow Group, Inc. (NASDAQ:Z) by 99.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,045 shares of the financial services provider’s stock after selling 4,200,173 shares during the period. Schroder Investment Management Group’s holdings in Zillow Group were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of Z. The Manufacturers Life Insurance Company increased its position in shares of Zillow Group by 55.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,958 shares of the financial services provider’s stock worth $2,871,000 after purchasing an additional 16,055 shares in the last quarter. Janus Henderson Group PLC grew its stake in Zillow Group by 66.6% during the third quarter. Janus Henderson Group PLC now owns 14,260 shares of the financial services provider’s stock worth $910,000 after buying an additional 5,700 shares during the last quarter. Investment Management Corp of Ontario acquired a new stake in shares of Zillow Group during the third quarter worth approximately $337,000. Integrated Wealth Concepts LLC bought a new position in shares of Zillow Group in the third quarter valued at approximately $240,000. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Zillow Group by 0.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 59,090 shares of the financial services provider’s stock worth $3,773,000 after acquiring an additional 424 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

NASDAQ Z opened at $66.54 on Monday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The stock’s 50 day moving average price is $76.28 and its two-hundred day moving average price is $73.46. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of -141.57, a PEG ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data 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, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insiders Place Their Bets

In related news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction on Tuesday, January 28th. The stock was 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 $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Z has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price 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. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.71.

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.