Cerity Partners LLC Has $376,000 Stake in Zillow Group, Inc. (NASDAQ:Z)

Cerity Partners LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 30.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the financial services provider’s stock after acquiring an additional 1,514 shares during the quarter. Cerity Partners LLC’s holdings in Zillow Group were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in Z. FMR LLC boosted its holdings in shares of Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after acquiring an additional 2,312,241 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Zillow Group by 688.9% during the third quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider’s stock worth $19,910,000 after purchasing an additional 372,532 shares during the last quarter. ING Groep NV acquired a new stake in shares of Zillow Group in the third quarter valued at $16,359,000. Greencape Capital Pty Ltd raised its holdings in shares of Zillow Group by 70.0% in the fourth quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider’s stock valued at $48,961,000 after buying an additional 348,354 shares during the last quarter. Finally, Eminence Capital LP lifted its position in Zillow Group by 11.9% during the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock worth $142,416,000 after buying an additional 329,191 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In other news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The shares were 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 in the company, valued at $2,801,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the sale, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,289 shares of company stock valued at $9,642,508. 23.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. upped 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. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.75.

Zillow Group Stock Up 1.7 %

NASDAQ:Z opened at $43.67 on Friday. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of -64.22 and a beta of 1.75. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $48.91. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13.

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

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.