AQR Capital Management LLC Raises Holdings in Zillow Group, Inc. (NASDAQ:Z)

AQR Capital Management LLC boosted its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 652.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,015 shares of the financial services provider's stock after buying an additional 113,594 shares during the period. AQR Capital Management LLC owned approximately 0.06% of Zillow Group worth $9,702,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock worth $113,941,000 after purchasing an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $7,375,000. Vinva Investment Management Ltd acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $1,187,000. Donoghue Forlines LLC bought a new position in shares of Zillow Group in the 4th quarter worth $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock valued at $3,267,000 after purchasing an additional 6,900 shares during the period. Institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on Z. Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of "Moderate Buy" and an average price target of $83.71.

Insider Transactions at Zillow Group

In other news, CTO David A. Beitel sold 2,025 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now owns 151,046 shares of the company's stock, valued at $11,743,826.50. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock valued at $5,744,978 in the last ninety days. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Z traded up $3.12 during trading on Monday, hitting $71.05. 916,209 shares of the stock traded hands, compared to its average volume of 3,256,824. The firm has a market capitalization of $17.23 billion, a P/E ratio of -150.03, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The firm has a 50-day moving average of $67.72 and a 200 day moving average of $73.66.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS 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.