FIL Ltd Acquires New Position in Zillow Group, Inc. (NASDAQ:Z)

FIL Ltd acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,169 shares of the financial services provider's stock, valued at approximately $1,494,000.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Zillow Group during the 4th quarter worth $55,000. Assetmark Inc. boosted its stake in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after buying an additional 741 shares during the period. Blue Trust Inc. boosted its stake in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 579 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of NASDAQ:Z traded up $0.10 on Friday, reaching $62.57. The company's stock had a trading volume of 1,793,907 shares, compared to its average volume of 3,373,978. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The stock has a market capitalization of $15.18 billion, a P/E ratio of -133.13, a PEG ratio of 9.24 and a beta of 2.19. The stock's 50-day moving average is $71.55 and its two-hundred day moving average is $73.07.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on Z shares. Morgan Stanley increased their target price on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Rock sold 5,796 shares of the company'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 value of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,919 shares of company stock worth $7,869,478. Company insiders own 23.76% 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.