Zillow Group, Inc. $Z Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 320.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 550,217 shares of the financial services provider's stock after acquiring an additional 419,202 shares during the period. AQR Capital Management LLC owned approximately 0.23% of Zillow Group worth $37,222,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jump Financial LLC purchased a new stake in shares of Zillow Group during the first quarter worth about $334,000. TB Alternative Assets Ltd. grew its stake in shares of Zillow Group by 49.0% during the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock worth $39,142,000 after acquiring an additional 187,671 shares during the last quarter. American Assets Investment Management LLC purchased a new stake in shares of Zillow Group during the first quarter worth about $468,000. Alberta Investment Management Corp purchased a new stake in shares of Zillow Group during the first quarter worth about $3,661,000. Finally, Cerity Partners LLC grew its stake in shares of Zillow Group by 67.0% during the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock worth $1,404,000 after acquiring an additional 8,215 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Buying and Selling

In other Zillow Group news, Chairman Richard N. Barton sold 200,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $84.92, for a total value of $16,984,000.00. Following the completion of the transaction, the chairman directly owned 843,248 shares of the company's stock, valued at approximately $71,608,620.16. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David A. Beitel sold 22,510 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $90.97, for a total value of $2,047,734.70. Following the completion of the transaction, the chief technology officer directly owned 144,549 shares of the company's stock, valued at $13,149,622.53. The trade was a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 657,087 shares of company stock valued at $56,286,479 in the last three months. 25.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Z has been the topic of a number of research analyst reports. Bank of America boosted their price target on Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Zillow Group presently has a consensus rating of "Moderate Buy" and an average price target of $88.29.

Zillow Group Stock Performance

NASDAQ Z traded down $1.11 during trading hours on Friday, reaching $88.16. The stock had a trading volume of 559,786 shares, compared to its average volume of 2,652,382. The stock has a fifty day moving average of $81.74 and a 200 day moving average of $73.23. The stock has a market cap of $21.36 billion, a P/E ratio of -338.73, a price-to-earnings-growth ratio of 8.98 and a beta of 2.04. Zillow Group, Inc. has a 52-week low of $56.82 and a 52-week high of $91.93.

Zillow Group Company 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.