Raymond James & Associates Sells 4,055 Shares of Zillow Group, Inc. (NASDAQ:Z)

Raymond James & Associates cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,903 shares of the financial services provider’s stock after selling 4,055 shares during the period. Raymond James & Associates’ holdings in Zillow Group were worth $573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its position in shares of Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after purchasing an additional 2,312,241 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Zillow Group by 688.9% in the third quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider’s stock worth $19,910,000 after purchasing an additional 372,532 shares during the last quarter. ING Groep NV bought a new position in shares of Zillow Group in the third quarter worth approximately $16,359,000. Eminence Capital LP increased its position in shares of Zillow Group by 11.9% in the third quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock worth $142,416,000 after purchasing an additional 329,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Zillow Group by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,030 shares of the financial services provider’s stock worth $64,395,000 after purchasing an additional 266,037 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Dan Spaulding sold 5,114 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the completion of the transaction, the insider now directly owns 43,180 shares in the company, valued at $2,394,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Dan Spaulding sold 5,114 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the completion of the transaction, the insider now directly owns 43,180 shares in the company, valued at $2,394,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Z has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group increased their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.75.

Zillow Group Stock Performance

Shares of Z stock opened at $42.95 on Friday. The stock has a fifty day moving average of $50.28 and a 200 day moving average of $48.95. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of -63.16 and a beta of 1.75. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. As a group, research analysts expect that Zillow Group, Inc. will post -0.15 earnings per share for the current year.

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.