Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,813 shares of the financial services provider’s stock after selling 732 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Zillow Group were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Zillow Group in the third quarter valued at $33,000. Montag A & Associates Inc. acquired a new stake in Zillow Group in the third quarter valued at $37,000. Principal Securities Inc. acquired a new stake in Zillow Group in the fourth quarter valued at $53,000. Finally, Clearstead Advisors LLC lifted its holdings in Zillow Group by 1,724.1% in the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,000 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Susan Daimler sold 4,931 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.29, for a total transaction of $218,393.99. Following the transaction, the insider now directly owns 19,556 shares of the company’s stock, valued at approximately $866,135.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zillow Group news, insider Susan Daimler sold 4,931 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.29, for a total value of $218,393.99. Following the transaction, the insider now directly owns 19,556 shares of the company’s stock, valued at approximately $866,135.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the completion of the transaction, the general counsel now directly owns 40,194 shares in the company, valued at $1,774,565.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 166,560 shares of company stock valued at $8,829,931. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Trading Down 3.9 %

Shares of NASDAQ:Z opened at $39.88 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13. The stock has a 50-day simple moving average of $44.89 and a 200-day simple moving average of $49.26.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Jefferies Financial Group lifted their price target on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Wedbush cut their price target on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.20.

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.