Raymond James & Associates Reduces Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Raymond James & Associates lowered its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,903 shares of the financial services provider’s stock after selling 4,055 shares during the quarter. Raymond James & Associates’ holdings in Zillow Group were worth $573,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. TB Alternative Assets Ltd. boosted its holdings in Zillow Group by 51.7% during the 4th quarter. TB Alternative Assets Ltd. now owns 600,000 shares of the financial services provider’s stock valued at $34,716,000 after acquiring an additional 204,600 shares during the period. Consilio Wealth Advisors LLC purchased a new stake in shares of Zillow Group in the 4th quarter worth $261,000. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Zillow Group in the 4th quarter worth $546,000. Gateway Investment Advisers LLC lifted its holdings in shares of Zillow Group by 3.0% in the 4th quarter. Gateway Investment Advisers LLC now owns 17,006 shares of the financial services provider’s stock worth $984,000 after buying an additional 493 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Zillow Group by 2.4% in the 4th quarter. Wedmont Private Capital now owns 24,452 shares of the financial services provider’s stock worth $1,361,000 after buying an additional 569 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 1.1 %

Shares of NASDAQ:Z opened at $42.95 on Friday. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $61.13. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of -63.16 and a beta of 1.75. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $50.28 and a 200-day moving average price of $48.95.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. Equities analysts predict that Zillow Group, Inc. will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on Z. JPMorgan Chase & Co. increased their price target on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Jefferies Financial Group increased their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $58.75.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now directly owns 48,294 shares in the company, valued at $2,801,052. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the sale, the insider now directly owns 48,294 shares of the company’s stock, valued at $2,801,052. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total value of $421,196.08. Following the completion of the sale, the chief accounting officer now directly owns 56,384 shares in the company, valued at $3,230,239.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is owned by corporate insiders.

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.