Castle Hook Partners LP Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

Castle Hook Partners LP bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 673,693 shares of the financial services provider's stock, valued at approximately $49,887,000. Zillow Group accounts for approximately 0.6% of Castle Hook Partners LP's investment portfolio, making the stock its 29th biggest position. Castle Hook Partners LP owned about 0.29% of Zillow Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Zillow Group by 0.8% in the fourth 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 purchased a new stake in shares of Zillow Group during the fourth quarter valued at about $7,375,000. Vinva Investment Management Ltd bought a new stake in shares of Zillow Group in the 4th quarter valued at about $1,187,000. Donoghue Forlines LLC bought a new position in shares of Zillow Group during the 4th quarter worth approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Zillow Group by 18.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after purchasing an additional 6,900 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock traded up $0.03 during trading hours on Friday, hitting $67.93. 3,246,258 shares of the stock were exchanged, compared to its average volume of 3,265,112. The stock has a market capitalization 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, Inc. has a 12 month low of $39.05 and a 12 month high of $89.39. The business's 50-day moving average is $67.72 and its two-hundred day moving average is $73.56.

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 (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction on 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 owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jun Choo sold 1,277 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % 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 worth $5,744,978 in the last ninety days. Corporate insiders own 25.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on Z. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a report on Monday, April 28th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Finally, JPMorgan Chase & Co. cut their target price on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $83.71.

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.