Denver PWM LLC Has $63,000 Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Denver PWM LLC reduced its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849 shares of the financial services provider’s stock after selling 270 shares during the quarter. Denver PWM LLC’s holdings in Zillow Group were worth $63,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the last quarter. Brooklyn Investment Group purchased a new position in Zillow Group during the third quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 worth $94,000 after purchasing an additional 579 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Zillow Group during the third quarter worth about $128,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,481,540.32. The trade was a 6.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock worth $4,617,389 over the last ninety days. Insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Price Performance

Shares of Z opened at $74.91 on Friday. The firm’s 50 day simple moving average is $78.39 and its 200 day simple moving average is $69.74. The company has a market capitalization of $18.17 billion, a P/E ratio of -159.38, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share 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.