Dorsal Capital Management LP Sells 250,000 Shares of Zillow Group, Inc. (NASDAQ:Z)

Dorsal Capital Management LP lessened its holdings in Zillow Group, Inc. (NASDAQ:ZFree Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,050,000 shares of the financial services provider’s stock after selling 250,000 shares during the period. Zillow Group comprises 5.4% of Dorsal Capital Management LP’s investment portfolio, making the stock its 8th biggest holding. Dorsal Capital Management LP owned 1.31% of Zillow Group worth $176,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in Z. Principal Financial Group Inc. increased its stake in Zillow Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,137 shares of the financial services provider’s stock valued at $560,000 after buying an additional 631 shares during the last quarter. Victory Capital Management Inc. increased its stake in Zillow Group by 48.2% in the 3rd quarter. Victory Capital Management Inc. now owns 37,050 shares of the financial services provider’s stock valued at $1,710,000 after buying an additional 12,048 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC increased its stake in Zillow Group by 3.9% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 12,095 shares of the financial services provider’s stock valued at $558,000 after buying an additional 455 shares during the last quarter. Amalgamated Bank increased its stake in Zillow Group by 73.8% in the 3rd quarter. Amalgamated Bank now owns 41,036 shares of the financial services provider’s stock valued at $1,894,000 after buying an additional 17,427 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Zillow Group by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,030 shares of the financial services provider’s stock valued at $64,395,000 after buying an additional 266,037 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Down 0.1 %

Z opened at $42.63 on Monday. The company has a fifty day moving average price of $43.08 and a 200-day moving average price of $49.61. The firm has a market capitalization of $10.07 billion, a P/E ratio of -61.78 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $61.13.

Zillow Group (NASDAQ:ZGet Free Report) last announced its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). The company had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same quarter last year, the firm posted ($0.06) earnings per share. Equities research analysts expect that Zillow Group, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,813 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $54.76, for a total transaction of $427,839.88. Following the transaction, the chief financial officer now owns 137,347 shares in the company, valued at $7,521,121.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Zillow Group news, CFO Jeremy Hofmann sold 7,813 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $54.76, for a total value of $427,839.88. Following the sale, the chief financial officer now owns 137,347 shares in the company, valued at $7,521,121.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 1,373 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the sale, the general counsel now owns 40,194 shares in the company, valued at approximately $1,774,565.10. The disclosure for this sale can be found here. Insiders have sold 66,166 shares of company stock worth $2,992,579 over the last 90 days. 23.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Z

About Zillow Group

(Free Report)

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.

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

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