Royal London Asset Management Ltd. Sells 813 Shares of Zillow Group, Inc. (NASDAQ:Z)

Royal London Asset Management Ltd. lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 61,756 shares of the financial services provider’s stock after selling 813 shares during the period. Royal London Asset Management Ltd.’s holdings in Zillow Group were worth $3,573,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Zillow Group during the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Zillow Group in the third quarter valued at approximately $33,000. Principal Securities Inc. bought a new position in Zillow Group in the fourth quarter valued at approximately $53,000. Clearstead Advisors LLC boosted its stake in Zillow Group by 1,724.1% in the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in Zillow Group during the 4th quarter worth $210,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insiders Place Their Bets

In related news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Zillow Group news, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the sale, the insider now directly owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares of the company’s stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,260 shares of company stock worth $2,846,739. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Down 1.0 %

Shares of NASDAQ:Z traded down $0.50 during trading on Friday, hitting $48.00. 3,650,522 shares of the company’s stock traded hands, compared to its average volume of 3,669,672. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $42.99 and a 200-day moving average price of $49.74. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13. The company has a market cap of $11.34 billion, a price-to-earnings ratio of -69.57 and a beta of 1.95.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter last year, the company earned ($0.06) EPS. As a group, research analysts forecast that Zillow Group, Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Z has been the topic of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. JPMorgan Chase & Co. reduced their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group upped their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Wedbush reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.20.

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.