Achmea Investment Management B.V. Sells 11,074 Shares of Zillow Group, Inc. (NASDAQ:Z)

Achmea Investment Management B.V. lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 51.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,606 shares of the financial services provider’s stock after selling 11,074 shares during the period. Achmea Investment Management B.V.’s holdings in Zillow Group were worth $785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of Z. CIBC Asset Management Inc lifted its stake in shares of Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 318 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $6,267,000. Swiss National Bank raised its position in Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock valued at $29,807,000 after purchasing an additional 3,300 shares during the last quarter. IVY Lane Capital Management LLC raised its position in Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after purchasing an additional 35,000 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Zillow Group during the 3rd quarter valued at approximately $234,000. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock worth $7,660,165 in the last 90 days. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Z stock opened at $70.58 on Friday. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of -150.17, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The business’s 50 day moving average price is $77.74 and its two-hundred day moving average price is $71.94. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z) last posted 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 return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.