Aquatic Capital Management LLC Has $66,000 Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Aquatic Capital Management LLC cut its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 96.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 897 shares of the financial services provider's stock after selling 23,003 shares during the period. Aquatic Capital Management LLC's holdings in Zillow Group were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in Z. PNC Financial Services Group Inc. grew its holdings in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares in the last quarter. Independent Advisor Alliance boosted its position in Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. grew its stake in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after purchasing an additional 148 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock worth $503,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Activity

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,919 shares of company stock valued at $5,744,978 in the last quarter. Company insiders own 25.03% of the company's stock.

Zillow Group Stock Up 0.0 %

Shares of NASDAQ:Z traded up $0.03 during mid-day trading on Friday, reaching $67.93. 3,246,258 shares of the stock were exchanged, compared to its average volume of 3,261,948. The stock's 50 day simple moving average is $67.72 and its 200-day simple moving average is $73.46. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $89.39. The company has a market cap of $16.48 billion, a P/E ratio of -144.53, a P/E/G ratio of 9.24 and a beta of 2.23.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on Z. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday. 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. Based on data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Company 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.