Cibc World Markets Corp Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

Cibc World Markets Corp raised its holdings in Zillow Group, Inc. (NASDAQ:Z) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,254 shares of the financial services provider’s stock after purchasing an additional 2,332 shares during the quarter. Cibc World Markets Corp’s holdings in Zillow Group were worth $3,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Zillow Group in the 4th quarter valued at $7,375,000. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group in the 4th quarter valued at $1,932,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $6,267,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after buying an additional 6,900 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other news, CTO David A. Beitel sold 2,025 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,065 shares of company stock valued at $7,660,165. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Z opened at $70.57 on Thursday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of -150.15, a PEG ratio of 9.24 and a beta of 2.27. The business has a fifty day moving average price of $77.58 and a 200 day moving average price of $72.24.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.00.

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.