Trajan Wealth LLC Has $251,000 Position in Zillow Group, Inc. (NASDAQ:Z)

Trajan Wealth LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 13.3% in the fourth quarter, Holdings Channel reports. The firm owned 3,393 shares of the financial services provider’s stock after selling 520 shares during the period. Trajan Wealth LLC’s holdings in Zillow Group were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new position in Zillow Group in the 4th quarter worth approximately $55,000. Assetmark Inc. raised its stake in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 741 shares during the last quarter. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares during the period. Smartleaf Asset Management LLC grew its position in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Natixis bought a new position in shares of Zillow Group during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity

In other news, CTO David A. Beitel sold 2,025 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now owns 151,046 shares of the company’s stock, valued at $11,743,826.50. The trade was a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock valued at $7,869,478 over the last 90 days. 23.76% of the stock is owned by company insiders.

Zillow Group Price Performance

Shares of Z opened at $62.57 on Monday. The business’s 50 day simple moving average is $71.07 and its 200-day simple moving average is $73.19. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The company has a market capitalization of $15.18 billion, a P/E ratio of -133.13, a PEG ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods started coverage on Zillow Group in a research report on Friday, March 28th. They issued a “market perform” rating and a $80.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.71.

About Zillow Group

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.