New York Life Investment Management LLC Has $1.27 Million Position in Zillow Group, Inc. (NASDAQ:Z)

New York Life Investment Management LLC lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 11.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,168 shares of the financial services provider’s stock after selling 2,325 shares during the period. New York Life Investment Management LLC’s holdings in Zillow Group were worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Zillow Group by 17.5% during 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 in the last quarter. Savant Capital LLC increased its stake in Zillow Group by 2.7% during the 4th 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 in the last quarter. True Vision MN LLC increased its stake in Zillow Group by 2.6% during the 4th quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 186 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 245 shares in the last quarter. Finally, Mirador Capital Partners LP increased its stake in Zillow Group by 1.5% during the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 3,033 shares of the firm’s 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 transaction, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,098 shares of company stock worth $7,911,237 over the last ninety days. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. 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 company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Price Performance

Shares of Z opened at $74.28 on Tuesday. The firm’s 50 day simple moving average is $78.27 and its 200 day simple moving average is $70.81. The company has a market capitalization of $18.02 billion, a P/E ratio of -158.04, a P/E/G ratio of 9.24 and a beta of 2.03. 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 earnings results 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 5.01% and a negative return on equity of 2.12%. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.