Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Synergy Financial Group LTD

Synergy Financial Group LTD trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,703 shares of the financial services provider’s stock after selling 782 shares during the quarter. Synergy Financial Group LTD’s holdings in Zillow Group were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. abrdn plc boosted its stake in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after purchasing an additional 24,247 shares during the period. IVY Lane Capital Management LLC raised its holdings in shares of Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares during the last quarter. Donoghue Forlines LLC acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $1,932,000. Thrivent Financial for Lutherans bought a new position in Zillow Group in the 3rd quarter worth approximately $6,267,000. Finally, Friedenthal Financial acquired a new stake in Zillow Group in the 4th quarter valued at approximately $754,000. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,481,540.32. This trade represents a 6.73 % 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 Zillow Group stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock valued at $4,617,389 over the last three months. Company insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of analyst reports. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price target 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. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Five 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Price Performance

NASDAQ Z opened at $75.15 on Tuesday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a market capitalization of $18.23 billion, a P/E ratio of -159.89, a PEG ratio of 9.24 and a beta of 2.03. The company’s 50 day simple moving average is $78.26 and its 200 day simple moving average is $70.12.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results 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, 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.