Sumitomo Mitsui Trust Holdings Inc. Trims Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,643 shares of the financial services provider’s stock after selling 13,309 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.22% of Zillow Group worth $29,719,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation N.A. grew its stake in Zillow Group by 371.7% in the 1st quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock worth $25,000 after buying an additional 394 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in Zillow Group in the 4th quarter worth approximately $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Zillow Group in the 3rd quarter worth approximately $33,000. Eagle Bay Advisors LLC purchased a new position in Zillow Group in the 2nd quarter worth approximately $36,000. Finally, Montag A & Associates Inc. purchased a new position in Zillow Group in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In related news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. In related news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the sale, the director now directly owns 5,652 shares in the company, valued at $320,411.88. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 in the last three months. 23.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on Z. JPMorgan Chase & Co. upped their price objective on shares of Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. 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 research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $58.75.

Zillow Group Stock Up 0.0 %

Shares of NASDAQ Z opened at $41.82 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $61.13. The firm has a fifty day simple moving average of $51.04 and a two-hundred day simple moving average of $49.00.

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

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.