Flynn Zito Capital Management LLC Sells 154 Shares of Zillow Group, Inc. (NASDAQ:Z)

Flynn Zito Capital Management LLC lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,690 shares of the financial services provider’s stock after selling 154 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Zillow Group were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in Z. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Zillow Group in the third quarter valued at $74,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after buying an additional 579 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after buying an additional 245 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in Zillow Group during the 3rd quarter worth about $128,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on Z shares. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Zillow Group Stock Performance

NASDAQ:Z opened at $78.33 on Thursday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The company has a market cap of $19.00 billion, a PE ratio of -166.66, a PEG ratio of 9.24 and a beta of 2.03. The stock has a 50-day simple moving average of $78.24 and a 200 day simple moving average of $70.35.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at approximately $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,663 shares of company stock worth $4,004,931. Insiders own 23.76% of the company’s stock.

Zillow Group Company 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.