New York Life Investment Management LLC Increases Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

New York Life Investment Management LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,781 shares of the financial services provider’s stock after purchasing an additional 1,440 shares during the period. New York Life Investment Management LLC’s holdings in Zillow Group were worth $1,087,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of Z. International Assets Investment Management LLC acquired a new position in Zillow Group during the 4th quarter worth about $9,983,000. FMR LLC grew its position in shares of Zillow Group by 203.1% during the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after buying an additional 2,312,241 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Zillow Group by 35.4% during the third quarter. Hsbc Holdings PLC now owns 261,547 shares of the financial services provider’s stock worth $12,103,000 after buying an additional 68,357 shares during the period. Ninety One UK Ltd lifted its stake in Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after acquiring an additional 431,070 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Zillow Group during the 3rd quarter worth approximately $2,864,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Dan Spaulding sold 5,114 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the completion of the transaction, the insider now directly owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at $320,411.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,289 shares of company stock valued at $9,642,508. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Up 3.4 %

Shares of Zillow Group stock opened at $43.12 on Wednesday. The firm’s fifty day simple moving average is $48.08 and its 200-day simple moving average is $48.98. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $61.13.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, analysts anticipate that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on Z shares. Jefferies Financial Group raised their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. Wedbush lowered their price objective on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $56.20.

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.