Caxton Associates LP Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

Caxton Associates LP acquired a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 700,000 shares of the financial services provider's stock, valued at approximately $51,835,000. Zillow Group comprises approximately 1.6% of Caxton Associates LP's investment portfolio, making the stock its 12th largest position. Caxton Associates LP owned 0.30% of Zillow Group as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of Z. Ninety One UK Ltd lifted its stake in Zillow Group by 3.2% in the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock valued at $267,895,000 after buying an additional 111,231 shares during the period. Geode Capital Management LLC increased its holdings in shares of Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after acquiring an additional 28,728 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zillow Group by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock worth $114,109,000 after acquiring an additional 65,724 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 11,727 shares in the last quarter. Finally, Altimeter Capital Management LP boosted its position in Zillow Group by 52.0% during the fourth quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock valued at $96,320,000 after purchasing an additional 445,158 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 2,854 shares of the 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 completion of the sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. The trade was a 10.14 % 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 over the last ninety days. 23.76% of the stock is owned by corporate insiders.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $0.69 on Wednesday, reaching $67.88. 3,658,182 shares of the stock were exchanged, compared to its average volume of 3,256,455. The firm's 50 day moving average is $67.97 and its 200-day moving average is $73.38. The firm has a market cap of $16.46 billion, a PE ratio of -144.43, a P/E/G ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.44). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on Z. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday. Finally, Keefe, Bruyette & Woods reduced their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.50.

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.