Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,255 shares of the financial services provider’s stock after selling 14,899 shares during the period. Thrivent Financial for Lutherans’ holdings in Zillow Group were worth $6,165,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in shares of Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares during the period. Blue Trust Inc. boosted its stake in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 367 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Zillow Group in the 3rd quarter worth about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 579 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on Z shares. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley raised their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $71.25 on Monday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The stock has a 50-day simple moving average of $77.57 and a 200-day simple moving average of $72.60. The stock has a market capitalization of $17.28 billion, a P/E ratio of -151.60, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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%. Analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at $3,878,435. This represents a 10.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 55,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock worth $7,660,165 over the last quarter. 23.76% of the stock is owned by corporate 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.