Geneos Wealth Management Inc. Trims Holdings in Zillow Group, Inc. (NASDAQ:Z)

Geneos Wealth Management Inc. lowered its holdings in Zillow Group, Inc. (NASDAQ:Z) by 40.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,698 shares of the financial services provider’s stock after selling 3,128 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Zillow Group were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ninety One UK Ltd grew its stake in shares of Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after buying an additional 431,070 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Zillow Group by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider’s stock valued at $85,376,000 after buying an additional 80,529 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Zillow Group by 7,507.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock worth $55,301,000 after purchasing an additional 1,118,782 shares in the last quarter. Greencape Capital Pty Ltd grew its stake in Zillow Group by 70.0% during the 4th quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider’s stock worth $48,961,000 after purchasing an additional 348,354 shares in the last quarter. Finally, Minot Capital LP grew its stake in Zillow Group by 15.5% during the 4th quarter. Minot Capital LP now owns 828,566 shares of the financial services provider’s stock worth $47,941,000 after purchasing an additional 111,400 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 8,562 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total value of $334,346.10. Following the transaction, the chief financial officer now owns 123,123 shares of the company’s stock, valued at $4,807,953.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the sale, the insider now owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 8,562 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total value of $334,346.10. Following the sale, the chief financial officer now directly owns 123,123 shares in the company, valued at approximately $4,807,953.15. The disclosure for this sale can be found here. Insiders have sold 60,041 shares of company stock valued at $2,637,477 over the last quarter. Insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Wedbush lowered their price objective on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.20.

Zillow Group Trading Down 0.3 %

NASDAQ:Z opened at $49.23 on Friday. The business’s 50-day moving average is $44.35 and its two-hundred day moving average is $49.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $61.13. The firm has a market capitalization of $11.63 billion, a PE ratio of -71.59 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last announced its 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). The business had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Research analysts predict that Zillow Group, Inc. will post -0.4 earnings per share for the current fiscal year.

About Zillow Group

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.