First Horizon Advisors Inc. Sells 2,159 Shares of Zillow Group, Inc. (NASDAQ:Z)

First Horizon Advisors Inc. lowered its stake in shares of Zillow Group, Inc. (NASDAQ:ZGet Rating) by 78.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 591 shares of the financial services provider’s stock after selling 2,159 shares during the period. First Horizon Advisors Inc.’s holdings in Zillow Group were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of Zillow Group by 19.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,303,636 shares of the financial services provider’s stock valued at $657,887,000 after purchasing an additional 1,706,141 shares during the period. Spruce House Investment Management LLC grew its position in shares of Zillow Group by 108.0% in the 3rd quarter. Spruce House Investment Management LLC now owns 2,600,000 shares of the financial services provider’s stock valued at $229,164,000 after purchasing an additional 1,350,000 shares during the period. Greencape Capital Pty Ltd bought a new position in Zillow Group during the 4th quarter worth about $60,472,000. NewEdge Wealth LLC raised its stake in shares of Zillow Group by 13,018.0% in the 4th quarter. NewEdge Wealth LLC now owns 707,714 shares of the financial services provider’s stock valued at $45,188,000 after purchasing an additional 702,319 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Zillow Group by 224.8% in the third quarter. Voloridge Investment Management LLC now owns 892,486 shares of the financial services provider’s stock valued at $78,664,000 after purchasing an additional 617,677 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

Several equities research analysts have recently commented on Z shares. Piper Sandler cut their price objective on Zillow Group from $57.00 to $39.00 in a report on Friday, May 6th. Jefferies Financial Group dropped their target price on shares of Zillow Group from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, February 3rd.

In related news, CMO Aimee Johnson sold 1,334 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $62.76, for a total transaction of $83,721.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Allen Parker sold 2,017 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $62.95, for a total transaction of $126,970.15. The disclosure for this sale can be found here. Insiders have sold a total of 35,112 shares of company stock worth $2,033,388 over the last ninety days. 14.63% of the stock is currently owned by insiders.

Z stock opened at $40.56 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. Zillow Group, Inc. has a 12 month low of $34.45 and a 12 month high of $124.70. The firm has a market cap of $10.17 billion, a P/E ratio of -18.27 and a beta of 1.39. The company’s 50-day moving average price is $47.19 and its two-hundred day moving average price is $55.96.

Zillow Group (NASDAQ:ZGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The financial services provider reported ($0.74) earnings per share (EPS) for the quarter. The company had revenue of $3.88 billion for the quarter. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.34%.

Zillow Group Company Profile (Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

Further Reading

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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