CIBC Asset Management Inc Sells 322 Shares of Zillow Group, Inc. (NASDAQ:Z)

CIBC Asset Management Inc reduced its holdings in Zillow Group, Inc. (NASDAQ:ZFree Report) by 6.0% in the fourth quarter, HoldingsChannel reports. The firm owned 5,074 shares of the financial services provider’s stock after selling 322 shares during the period. CIBC Asset Management Inc’s holdings in Zillow Group were worth $294,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in Z. Legacy Capital Group California Inc. boosted its position in shares of Zillow Group by 3.1% during the 4th quarter. Legacy Capital Group California Inc. now owns 8,794 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 264 shares in the last quarter. Level Four Advisory Services LLC boosted its holdings in Zillow Group by 0.9% in the fourth quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock worth $1,913,000 after acquiring an additional 282 shares in the last quarter. Van ECK Associates Corp grew its stake in Zillow Group by 9.6% in the third quarter. Van ECK Associates Corp now owns 4,715 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 412 shares during the period. Laird Norton Trust Company LLC increased its holdings in shares of Zillow Group by 0.3% during the third quarter. Laird Norton Trust Company LLC now owns 152,878 shares of the financial services provider’s stock valued at $7,057,000 after acquiring an additional 414 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $25,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Z has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Wedbush reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Jefferies Financial Group upped their target price on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Zillow Group has a consensus rating of “Hold” and a consensus price target of $56.20.

Check Out Our Latest Stock Analysis on Zillow Group

Zillow Group Price Performance

Z opened at $43.50 on Tuesday. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of -63.04 and a beta of 1.95. The firm’s fifty day moving average price is $42.99 and its two-hundred day moving average price is $49.64.

Zillow Group (NASDAQ:ZGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $509.30 million. During the same period in the previous year, the business earned ($0.06) earnings per share. As a group, analysts anticipate that Zillow Group, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 8,562 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $39.05, for a total value of $334,346.10. Following the transaction, the chief financial officer now owns 123,123 shares of the company’s stock, valued at $4,807,953.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Jeremy Wacksman sold 9,849 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $44.55, for a total transaction of $438,772.95. Following the completion of the sale, the chief operating officer now owns 116,926 shares in the company, valued at approximately $5,209,053.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 8,562 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $39.05, for a total transaction of $334,346.10. Following the completion of the sale, the chief financial officer now directly owns 123,123 shares in the company, valued at approximately $4,807,953.15. The disclosure for this sale can be found here. Insiders have sold 66,166 shares of company stock worth $2,992,579 in the last 90 days. Insiders own 23.76% of the company’s stock.

Zillow Group Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZFree Report).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.