Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Yost Capital Management LP

Yost Capital Management LP decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,600 shares of the financial services provider’s stock after selling 28,000 shares during the quarter. Zillow Group accounts for about 6.6% of Yost Capital Management LP’s holdings, making the stock its 8th biggest holding. Yost Capital Management LP’s holdings in Zillow Group were worth $5,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Arrowstreet Capital Limited Partnership lifted its stake in Zillow Group by 1,337.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider’s stock worth $29,413,000 after purchasing an additional 369,580 shares during the last quarter. Mackay Shields LLC purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $17,496,000. Norges Bank acquired a new position in shares of Zillow Group in the 4th quarter valued at $15,923,000. Bridgewater Associates LP grew its position in shares of Zillow Group by 38.3% in the 4th quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider’s stock valued at $53,652,000 after buying an additional 200,760 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in Zillow Group during the 4th quarter worth $14,665,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on Z shares. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a “market perform” rating and a $80.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 in the last quarter. 23.76% of the stock is owned by insiders.

Zillow Group Trading Down 2.5 %

NASDAQ:Z opened at $62.47 on Thursday. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of -132.91, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The company’s 50-day moving average is $72.06 and its two-hundred day moving average is $73.08.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal 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.