Caxton Associates LP Acquires New Holdings in Zillow Group, Inc. (NASDAQ:Z)

Caxton Associates LP purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 700,000 shares of the financial services provider's stock, valued at approximately $51,835,000. Zillow Group accounts for about 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in Z. Ninety One UK Ltd increased its holdings in shares of Zillow Group by 3.2% during 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 acquiring an additional 111,231 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Zillow Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock valued at $212,745,000 after acquiring an additional 28,728 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Zillow Group by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock valued at $114,109,000 after acquiring an additional 65,724 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $113,941,000 after purchasing an additional 11,727 shares during the last quarter. Finally, Altimeter Capital Management LP increased its holdings in shares of Zillow Group by 52.0% in the 4th quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock worth $96,320,000 after purchasing an additional 445,158 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Zillow Group Trading Up 0.0 %

Shares of NASDAQ:Z traded up $0.03 during midday trading on Friday, reaching $67.93. 3,246,258 shares of the company were exchanged, compared to its average volume of 3,265,112. The stock has a market cap of $16.48 billion, a PE ratio of -144.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The business's fifty day moving average is $67.72 and its two-hundred day moving average is $73.56. 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 Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of research analyst reports. William Blair assumed coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the business'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 completion of the transaction, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred 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 sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,919 shares of company stock worth $5,744,978. Corporate insiders own 25.03% of the company's stock.

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.