Cwm LLC Cuts Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Cwm LLC decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,435 shares of the financial services provider’s stock after selling 687 shares during the period. Cwm LLC’s holdings in Zillow Group were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Zillow Group by 17.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,814 shares of the financial services provider’s stock worth $1,930,000 after buying an additional 6,300 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Zillow Group by 2.0% in the third quarter. IFM Investors Pty Ltd now owns 40,219 shares of the financial services provider’s stock worth $1,857,000 after acquiring an additional 778 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Zillow Group by 3.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,042 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 757 shares in the last quarter. ING Groep NV acquired a new position in Zillow Group in the 3rd quarter valued at $16,359,000. Finally, Peoples Bank KS purchased a new position in Zillow Group in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the sale, the insider now directly owns 48,294 shares in the company, valued at approximately $2,801,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the sale, the insider now owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock worth $9,642,508 over the last three months. Insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $40.69 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.24. The company has a market cap of $9.50 billion, a price-to-earnings ratio of -58.97 and a beta of 1.79. The stock’s 50-day moving average is $48.55 and its two-hundred day moving average is $48.88. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $61.13.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The firm had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same period in the prior year, the company posted ($0.06) earnings per share. Analysts forecast that Zillow Group, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush cut their price target on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday. Jefferies Financial Group upped their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.20.

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.