Cwm LLC Cuts Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Cwm LLC trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:ZGet Rating) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,095 shares of the financial services provider’s stock after selling 1,412 shares during the period. Cwm LLC’s holdings in Zillow Group were worth $432,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in shares of Zillow Group in the 2nd quarter worth about $405,000. NewEdge Wealth LLC increased its stake in Zillow Group by 1.7% during the second quarter. NewEdge Wealth LLC now owns 824,808 shares of the financial services provider’s stock worth $26,188,000 after acquiring an additional 14,005 shares during the last quarter. Clarius Group LLC purchased a new stake in Zillow Group during the third quarter valued at approximately $224,000. Clear Harbor Asset Management LLC lifted its stake in shares of Zillow Group by 622.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 31,485 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 27,125 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of Zillow Group by 803.7% in the 2nd quarter. Bridgewater Associates LP now owns 1,215,164 shares of the financial services provider’s stock worth $38,581,000 after purchasing an additional 1,080,700 shares during the period. 68.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 9,515 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $31.10, for a total transaction of $295,916.50. Following the transaction, the chief accounting officer now directly owns 68,554 shares in the company, valued at approximately $2,132,029.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Jennifer Rock sold 9,515 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $31.10, for a total transaction of $295,916.50. Following the transaction, the chief accounting officer now directly owns 68,554 shares in the company, valued at approximately $2,132,029.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Allen Parker sold 9,514 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total value of $349,924.92. Following the transaction, the chief financial officer now owns 170,968 shares in the company, valued at $6,288,203.04. The disclosure for this sale can be found here. Insiders have sold a total of 71,339 shares of company stock worth $2,537,000 in the last ninety days. 15.30% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of Z stock opened at $43.23 on Friday. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of -37.27 and a beta of 1.49. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 0.36. Zillow Group, Inc. has a twelve month low of $26.14 and a twelve month high of $65.88. The stock has a fifty day simple moving average of $35.62 and a two-hundred day simple moving average of $34.13.

Zillow Group (NASDAQ:ZGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported ($0.20) EPS for the quarter. The company had revenue of $483.00 million during the quarter. Zillow Group had a negative return on equity of 3.16% and a negative net margin of 3.01%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley cut their target price on Zillow Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, November 4th. Jefferies Financial Group cut their target price on Zillow Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, October 6th. Finally, Bank of America raised Zillow Group from an “underperform” rating to a “buy” rating and boosted their target price for the company from $22.00 to $42.00 in a research report on Monday.

About Zillow Group

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Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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