Mercer Global Advisors Inc. ADV Sells 5,677 Shares of Zillow Group, Inc. (NASDAQ:Z)

Mercer Global Advisors Inc. ADV lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 39.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,733 shares of the financial services provider’s stock after selling 5,677 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Zillow Group were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of Z. Accretive Wealth Partners LLC grew its position in Zillow Group by 4.3% during the fourth quarter. Accretive Wealth Partners LLC now owns 14,977 shares of the financial services provider’s stock valued at $867,000 after buying an additional 616 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Zillow Group by 13.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 40,500 shares of the financial services provider’s stock valued at $2,343,000 after buying an additional 4,800 shares during the period. Focus Financial Network Inc. ADV bought a new position in Zillow Group during the fourth quarter valued at about $210,000. Allianz Asset Management GmbH grew its position in Zillow Group by 100.7% during the fourth quarter. Allianz Asset Management GmbH now owns 37,248 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 18,686 shares during the period. Finally, Bank of Nova Scotia bought a new position in Zillow Group during the fourth quarter valued at about $10,335,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 0.1 %

Zillow Group stock opened at $65.48 on Friday. The business has a 50-day simple moving average of $54.88 and a two-hundred day simple moving average of $48.86. The company has a market cap of $15.47 billion, a P/E ratio of -94.90 and a beta of 1.94. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $68.73. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. Analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.20.

Insider Buying and Selling

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the sale, the director now owns 2,826 shares of the company’s stock, valued at $172,696.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock worth $11,780,363 over the last three months. 23.76% of the stock is owned by insiders.

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.