Cetera Investment Advisers Sells 6,988 Shares of Zillow Group, Inc. (NASDAQ:Z)

Cetera Investment Advisers cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,801 shares of the financial services provider’s stock after selling 6,988 shares during the quarter. Cetera Investment Advisers’ holdings in Zillow Group were worth $652,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. National Bank of Canada FI bought a new position in Zillow Group in the 4th quarter worth approximately $55,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares during the period. Blue Trust Inc. grew its position in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 367 shares during the period. Finally, Natixis purchased a new stake in Zillow Group during the 4th quarter worth about $80,000. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on Z. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target of $83.71.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 5,997 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total value of $408,155.82. Following the sale, the chief accounting officer now directly owns 58,320 shares of the company’s stock, valued at approximately $3,969,259.20. The trade was a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jun Choo sold 55,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,741 shares of company stock worth $11,414,034. 25.03% of the stock is owned by company insiders.

Zillow Group Stock Performance

Shares of Z stock opened at $66.03 on Monday. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The firm has a market capitalization of $15.94 billion, a PE ratio of -140.49, a P/E/G ratio of 9.24 and a beta of 2.23. The stock’s 50-day simple moving average is $66.90 and its 200-day simple moving average is $74.12.

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.