Nan Fung Trinity HK Ltd. Cuts Position in Zillow Group, Inc. (NASDAQ:Z)

Nan Fung Trinity HK Ltd. lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 311,540 shares of the financial services provider’s stock after selling 120,300 shares during the quarter. Zillow Group accounts for 4.7% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 7th biggest position. Nan Fung Trinity HK Ltd. owned approximately 0.13% of Zillow Group worth $23,070,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. O Neil Global Advisors Inc. bought a new position in shares of Zillow Group in the 4th quarter valued at about $507,000. Handelsbanken Fonder AB grew its stake in Zillow Group by 2.4% in the fourth quarter. Handelsbanken Fonder AB now owns 46,600 shares of the financial services provider’s stock valued at $3,451,000 after purchasing an additional 1,100 shares in the last quarter. Ieq Capital LLC increased its position in shares of Zillow Group by 40.7% during the 4th quarter. Ieq Capital LLC now owns 29,323 shares of the financial services provider’s stock worth $2,171,000 after purchasing an additional 8,489 shares during the last quarter. TKG Advisors LLC bought a new stake in shares of Zillow Group during the 4th quarter worth approximately $5,409,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of Zillow Group by 13.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,907 shares of the financial services provider’s stock valued at $511,000 after buying an additional 831 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $74.91 on Friday. The business has a fifty day moving average price of $78.39 and a two-hundred day moving average price of $69.74. The stock has a market capitalization of $18.17 billion, a PE ratio of -159.38, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

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

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. The trade was a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock valued at $4,617,389 over the last ninety days. 23.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

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.