Dorsal Capital Management LP Acquires 150,000 Shares of Zillow Group, Inc. (NASDAQ:Z)

Dorsal Capital Management LP grew its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,350,000 shares of the financial services provider's stock after buying an additional 150,000 shares during the quarter. Zillow Group accounts for about 5.9% of Dorsal Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. Dorsal Capital Management LP owned about 1.43% of Zillow Group worth $248,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $113,941,000 after acquiring an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at $7,375,000. Vinva Investment Management Ltd bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $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 boosted its holdings in shares of Zillow Group by 18.5% in the 4th 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 buying an additional 6,900 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. This trade represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,919 shares of company stock valued at $5,744,978. 25.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on Z shares. JPMorgan Chase & Co. reduced their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Eight equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

Zillow Group Trading Up 4.2%

Shares of NASDAQ:Z traded up $2.87 during trading on Monday, reaching $70.80. The company's stock had a trading volume of 1,704,767 shares, compared to its average volume of 3,259,162. The stock has a market capitalization of $17.17 billion, a PE ratio of -150.67, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The firm's 50 day simple moving average is $67.72 and its two-hundred day simple moving average is $73.66. Zillow Group, Inc. has a 12 month low of $39.05 and a 12 month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results 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%. Research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

About Zillow Group

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.