State of New Jersey Common Pension Fund D Sells 775 Shares of Zillow Group, Inc. (NASDAQ:Z)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 58,052 shares of the financial services provider’s stock after selling 775 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Zillow Group were worth $4,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. abrdn plc raised its stake in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. IVY Lane Capital Management LLC lifted its stake in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares in the last quarter. Donoghue Forlines LLC bought a new position in Zillow Group in the 4th quarter worth $1,932,000. Thrivent Financial for Lutherans bought a new position in Zillow Group in the 3rd quarter worth $6,267,000. Finally, Friedenthal Financial bought a new stake in Zillow Group during the fourth quarter valued at about $754,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on Z. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Stock Down 0.9 %

Z stock opened at $79.83 on Thursday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The firm has a market capitalization of $18.65 billion, a P/E ratio of -169.85, a price-to-earnings-growth ratio of 9.43 and a beta of 2.03. The company has a fifty day simple moving average of $78.53 and a two-hundred day simple moving average of $69.26.

Zillow Group (NASDAQ:Z) last announced its quarterly 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 5.01% and a negative return on equity of 2.12%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In related news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at $11,743,826.50. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,838 shares of company stock worth $4,617,389. 23.76% of the stock is currently owned by company insiders.

Zillow Group Company 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.