Bridgewater Associates LP Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Bridgewater Associates LP raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 724,532 shares of the financial services provider's stock after buying an additional 200,760 shares during the period. Bridgewater Associates LP owned about 0.31% of Zillow Group worth $53,652,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. National Bank of Canada FI purchased a new stake in Zillow Group in the 4th quarter valued at about $55,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 741 shares during the period. 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 worth $68,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after purchasing an additional 367 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after purchasing an additional 579 shares during the period. Institutional investors own 71.01% of the company's stock.

Zillow Group Trading Up 0.2 %

Shares of Z stock traded up $0.10 during trading hours on Friday, reaching $62.57. 1,793,907 shares of the company's stock were exchanged, compared to its average volume of 3,372,802. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The stock's 50 day moving average is $71.07 and its 200-day moving average is $73.12. The company has a market cap of $15.18 billion, a price-to-earnings ratio of -133.13, a P/E/G ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David A. Beitel sold 2,025 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 over the last 90 days. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on Z. Morgan Stanley increased their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective on the stock. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Zillow Group 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.