AGF Management Ltd. Has $10.76 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

AGF Management Ltd. lowered its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 85.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,347 shares of the financial services provider’s stock after selling 864,806 shares during the quarter. AGF Management Ltd.’s holdings in Zillow Group were worth $10,763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of Z. Assetmark Inc. raised its stake in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares during the last quarter. Blue Trust Inc. grew its holdings in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares during the period. Brooklyn Investment Group acquired a new position in shares of Zillow Group in the third quarter valued at approximately $74,000. Smartleaf Asset Management LLC boosted its holdings in shares of Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after buying an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $94,000 after purchasing an additional 579 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Z opened at $70.17 on Wednesday. The stock has a 50-day moving average price of $78.04 and a 200-day moving average price of $71.67. The firm has a market cap of $17.02 billion, a PE ratio of -149.30, a P/E/G ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year 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 (EPS) 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%. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last quarter. 23.76% of the stock is owned by insiders.

Analyst Ratings Changes

Z has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped 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. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley lifted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

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.