California Public Employees Retirement System Trims Stock Position in Zillow Group, Inc. (NASDAQ:Z)

California Public Employees Retirement System cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 319,130 shares of the financial services provider’s stock after selling 17,098 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of Zillow Group worth $20,376,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cordasco Financial Network boosted its stake in shares of Zillow Group by 100.0% during the fourth quarter. Cordasco Financial Network now owns 400 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ellevest Inc. bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $41,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Zillow Group by 211.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 952 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 646 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $69,000. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Zillow Group by 105.0% during the third quarter. Eagle Bay Advisors LLC now owns 820 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 420 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Zillow Group from $57.00 to $39.00 in a research note on Friday, May 6th. Jefferies Financial Group lowered their target price on shares of Zillow Group from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, February 3rd.

In other news, insider Errol G. Samuelson sold 2,977 shares of the business’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $55.28, for a total transaction of $164,568.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 4,000 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $38.13, for a total transaction of $152,520.00. Following the transaction, the insider now owns 27,936 shares in the company, valued at $1,065,199.68. The disclosure for this sale can be found here. Insiders have sold 35,112 shares of company stock valued at $2,033,388 in the last three months. Corporate insiders own 14.63% of the company’s stock.

Z opened at $40.56 on Friday. Zillow Group, Inc. has a fifty-two week low of $34.45 and a fifty-two week high of $124.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.98. The company has a fifty day moving average of $47.19 and a two-hundred day moving average of $55.96. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of -18.27 and a beta of 1.39.

Zillow Group (NASDAQ:Z – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The financial services provider reported ($0.74) earnings per share for the quarter. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.34%. The firm had revenue of $3.88 billion during the quarter.

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.

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