Marshall Wace LLP Trims Holdings in Zillow Group, Inc. (NASDAQ:Z)

Marshall Wace LLP lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 68.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 67,707 shares of the financial services provider’s stock after selling 144,119 shares during the quarter. Marshall Wace LLP’s holdings in Zillow Group were worth $5,014,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Synovus Financial Corp acquired a new position in shares of Zillow Group in the 3rd quarter worth approximately $311,000. Everence Capital Management Inc. acquired a new position in Zillow Group in the fourth quarter worth $427,000. Nordea Investment Management AB increased its stake in Zillow Group by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider’s stock valued at $887,000 after purchasing an additional 1,112 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Zillow Group during the fourth quarter worth $754,000. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after buying an additional 245 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Z has been the subject of a number of recent research reports. Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a “market perform” rating and a $80.00 price objective for the company. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. William Blair started coverage on Zillow Group in a research note on Monday. They issued a “market perform” rating on the stock. Finally, Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.71.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last three months. 23.76% of the stock is currently owned by insiders.

Zillow Group Trading Up 2.4 %

Shares of NASDAQ:Z opened at $65.83 on Friday. The company has a 50 day moving average of $69.80 and a 200-day moving average of $73.07. The firm has a market cap of $15.97 billion, a P/E ratio of -140.06, a P/E/G ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39.

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

Zillow Group 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.