Cerity Partners LLC Has $885,000 Holdings in Zillow Group, Inc. (NASDAQ:Z)

Cerity Partners LLC grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 63.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,260 shares of the financial services provider’s stock after acquiring an additional 4,756 shares during the quarter. Cerity Partners LLC’s holdings in Zillow Group were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in Z. National Bank of Canada FI acquired a new position in Zillow Group in the 4th quarter worth about $55,000. Assetmark Inc. raised its holdings in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after buying an additional 741 shares during the last quarter. Blue Trust Inc. boosted its position in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC increased its position in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 579 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on Z shares. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Six research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.71.

Insiders Place Their Bets

In related news, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock valued at $7,869,478. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Up 0.2 %

Shares of NASDAQ:Z opened at $62.57 on Friday. The stock’s 50 day moving average is $71.07 and its 200-day moving average is $73.12. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of -133.13, a PEG ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal 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.