Envestnet Asset Management Inc. Cuts Position in Zillow Group, Inc. (NASDAQ:Z)

Envestnet Asset Management Inc. decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,869 shares of the financial services provider’s stock after selling 4,561 shares during the period. Envestnet Asset Management Inc.’s holdings in Zillow Group were worth $2,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of Z. Vanguard Group Inc. raised its stake in shares of Zillow Group by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock valued at $1,166,953,000 after buying an additional 1,837,593 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Zillow Group by 424.3% in the fourth quarter. Pacer Advisors Inc. now owns 4,950,130 shares of the financial services provider’s stock worth $159,444,000 after acquiring an additional 4,006,027 shares during the period. Baillie Gifford & Co. raised its holdings in Zillow Group by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 2,480,990 shares of the financial services provider’s stock worth $79,913,000 after purchasing an additional 93,363 shares during the period. Renaissance Technologies LLC boosted its position in Zillow Group by 45.2% during the third quarter. Renaissance Technologies LLC now owns 1,396,714 shares of the financial services provider’s stock worth $39,960,000 after purchasing an additional 434,700 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Zillow Group by 316.2% in the fourth quarter. National Bank of Canada FI now owns 1,119,658 shares of the financial services provider’s stock valued at $36,065,000 after purchasing an additional 850,620 shares during the period. Institutional investors own 68.24% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $45.39 on Friday. Zillow Group, Inc. has a 52 week low of $26.14 and a 52 week high of $49.32. The company has a current ratio of 12.70, a quick ratio of 12.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $10.62 billion, a P/E ratio of -76.93 and a beta of 1.64. The stock has a 50 day moving average of $44.17 and a 200-day moving average of $40.76.

Zillow Group (NASDAQ:Z – Get Rating) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported ($0.06) EPS for the quarter. Zillow Group had a negative return on equity of 2.19% and a negative net margin of 5.80%. The firm had revenue of $469.00 million during the quarter.

Analyst Ratings Changes

Separately, Gordon Haskett began coverage on shares of Zillow Group in a report on Tuesday, April 18th. They issued a “hold” rating on the stock.

Insider Buying and Selling

In related news, insider Dan Spaulding sold 6,188 shares of Zillow Group stock in a transaction on Friday, May 19th. The stock was sold at an average price of $45.49, for a total value of $281,492.12. Following the transaction, the insider now directly owns 67,779 shares in the company, valued at approximately $3,083,266.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Jeremy Wacksman sold 7,361 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $44.94, for a total transaction of $330,803.34. Following the completion of the sale, the chief operating officer now directly owns 93,256 shares of the company’s stock, valued at approximately $4,190,924.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dan Spaulding sold 6,188 shares of Zillow Group stock in a transaction on Friday, May 19th. The stock was sold at an average price of $45.49, for a total transaction of $281,492.12. Following the completion of the transaction, the insider now owns 67,779 shares in the company, valued at approximately $3,083,266.71. The disclosure for this sale can be found here. Insiders have sold a total of 48,147 shares of company stock valued at $2,140,511 over the last three months. Company insiders own 15.30% of the company’s stock.

About Zillow Group

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.