8,044 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,044 shares of the financial services provider's stock, valued at approximately $541,000.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares during the last quarter. Independent Advisor Alliance raised its stake in Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after buying an additional 120 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock valued at $529,000 after buying an additional 148 shares during the last quarter. DoubleLine ETF Adviser LP increased its stake in shares of Zillow Group by 1.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after purchasing an additional 163 shares in the last quarter. Finally, True Vision MN LLC increased its stake in shares of Zillow Group by 2.4% in the 1st quarter. True Vision MN LLC now owns 7,599 shares of the financial services provider's stock worth $521,000 after purchasing an additional 176 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut 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, May 7th. William Blair initiated coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,959 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $549,011.82. Following the completion of the transaction, the chief financial officer directly owned 97,481 shares in the company, valued at $6,724,239.38. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 6,962 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total transaction of $477,802.06. Following the transaction, the insider owned 135,674 shares of the company's stock, valued at $9,311,306.62. This represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,093 shares of company stock valued at $6,989,688 over the last quarter. 25.03% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of NASDAQ:Z traded down $0.14 during trading on Friday, reaching $77.46. 2,342,713 shares of the company were exchanged, compared to its average volume of 2,962,812. The firm has a market capitalization of $18.70 billion, a PE ratio of -227.82, a P/E/G ratio of 14.33 and a beta of 2.11. The business's fifty day simple moving average is $70.51 and its 200-day simple moving average is $72.00. Zillow Group, Inc. has a 12-month low of $41.67 and a 12-month high of $89.39.

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.