Kessler Investment Group LLC Decreases Holdings in Zillow Group, Inc. (NASDAQ:Z)

Kessler Investment Group LLC reduced its holdings in Zillow Group, Inc. (NASDAQ:Z) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,156 shares of the financial services provider’s stock after selling 19,815 shares during the period. Zillow Group makes up 3.0% of Kessler Investment Group LLC’s holdings, making the stock its 16th biggest position. Kessler Investment Group LLC’s holdings in Zillow Group were worth $6,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of Z. FMR LLC lifted its stake in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after buying an additional 3,272,118 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Zillow Group in the third quarter worth about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Zillow Group during the third quarter worth about $38,310,000. Bridgewater Associates LP increased its position in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after purchasing an additional 424,615 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Zillow Group by 8,162.8% during the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock worth $15,732,000 after purchasing an additional 243,415 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,838 shares of company stock worth $6,619,079. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of Z opened at $79.97 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $78.64 and a two-hundred day simple moving average of $68.42. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. On average, analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Five 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

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.