Iridian Asset Management LLC CT Has $1.52 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Iridian Asset Management LLC CT cut its position in Zillow Group, Inc. (NASDAQ:ZFree Report) by 58.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,347 shares of the financial services provider’s stock after selling 36,739 shares during the quarter. Iridian Asset Management LLC CT’s holdings in Zillow Group were worth $1,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of Z. Belpointe Asset Management LLC boosted its holdings in Zillow Group by 27.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,144 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 246 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Zillow Group by 3.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,236 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 290 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Zillow Group by 24.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,496 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 298 shares during the period. Prudential Financial Inc. boosted its holdings in Zillow Group by 3.0% in the 2nd quarter. Prudential Financial Inc. now owns 11,818 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 349 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its holdings in Zillow Group by 2.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 13,624 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 353 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Up 0.3 %

NASDAQ:Z opened at $45.26 on Friday. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.57 billion, a P/E ratio of -66.56 and a beta of 1.75. The stock’s fifty day simple moving average is $52.69 and its 200-day simple moving average is $49.05.

Zillow Group (NASDAQ:ZGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to the consensus estimate of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. Equities research analysts expect that Zillow Group, Inc. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on Z. Jefferies Financial Group increased their target price on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.75.

Get Our Latest Research Report on Z

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the sale, the general counsel now owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,289 shares of company stock worth $9,642,508. Company insiders own 15.30% 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.

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

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