OneDigital Investment Advisors LLC Has $349,000 Stake in Zillow Group, Inc. (NASDAQ:Z)

OneDigital Investment Advisors LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 20.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,710 shares of the financial services provider’s stock after selling 1,227 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Zillow Group were worth $349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in Z. Synovus Financial Corp bought a new stake in shares of Zillow Group in the third quarter valued at approximately $311,000. Everence Capital Management Inc. bought a new stake in Zillow Group in the 4th quarter valued at $427,000. Nordea Investment Management AB grew its position in Zillow Group by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider’s stock worth $887,000 after purchasing an additional 1,112 shares during the last quarter. Friedenthal Financial bought a new position in shares of Zillow Group during the 4th quarter worth about $754,000. Finally, Rosenberg Matthew Hamilton raised its position in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

Z has been the subject of a number of recent research reports. Morgan Stanley raised their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. William Blair initiated coverage on Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $66.27 on Monday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The company has a market capitalization of $16.07 billion, a PE ratio of -141.00, a PEG ratio of 9.24 and a beta of 2.19. The company has a 50 day moving average price of $69.51 and a two-hundred day moving average price of $73.28.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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%. On average, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 in the last quarter. 23.76% of the stock is currently owned by insiders.

About Zillow Group

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.