Viewpoint Capital Management LLC Has $911,000 Holdings in Zillow Group, Inc. (NASDAQ:Z)

Viewpoint Capital Management LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 9.6% during the fourth quarter, Holdings Channel reports. The fund owned 12,304 shares of the financial services provider’s stock after selling 1,300 shares during the period. Viewpoint Capital Management LLC’s holdings in Zillow Group were worth $911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. True Vision MN LLC increased its holdings in shares of Zillow Group by 2.6% in the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock worth $550,000 after acquiring an additional 186 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Zillow Group by 3.9% during the 4th quarter. Summit Trail Advisors LLC now owns 9,233 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 348 shares during the last quarter. Savant Capital LLC raised its position in shares of Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 179 shares during the period. Coronation Fund Managers Ltd. lifted its position in Zillow Group by 1.8% during the fourth quarter. Coronation Fund Managers Ltd. now owns 224,003 shares of the financial services provider’s stock worth $16,587,000 after acquiring an additional 3,909 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in Zillow Group by 35.8% in the 4th quarter. Entropy Technologies LP now owns 29,126 shares of the financial services provider’s stock valued at $2,157,000 after purchasing an additional 7,675 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 8,225 shares of Zillow Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares in the company, valued at approximately $4,487,023.20. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,846 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.03, for a total value of $134,813.38. Following the sale, the general counsel now owns 29,893 shares in the company, valued at $2,183,085.79. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,730 shares of company stock worth $10,896,034. 23.76% of the stock is owned by insiders.

Zillow Group Trading Down 1.9 %

Shares of Zillow Group stock opened at $86.32 on Wednesday. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s fifty day simple moving average is $78.82 and its two-hundred day simple moving average is $68.06.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Sell-side analysts predict that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on Z shares. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group boosted their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Finally, Bank of America lifted their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Five research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.67.

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.