Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 425.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 348,629 shares of the financial services provider's stock after purchasing an additional 282,258 shares during the period. Assenagon Asset Management S.A. owned about 0.14% of Zillow Group worth $23,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in Z. Dorsal Capital Management LP increased its position in Zillow Group by 4.7% in the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock valued at $248,068,000 after acquiring an additional 150,000 shares during the period. Geode Capital Management LLC increased its position in Zillow Group by 1.0% in the 4th 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 during the period. Dimensional Fund Advisors LP increased 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 during the period. Charles Schwab Investment Management Inc. increased its position in Zillow Group by 0.8% in 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 acquiring an additional 11,727 shares during the period. Finally, Altimeter Capital Management LP increased its position in 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 valued at $96,320,000 after acquiring an additional 445,158 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on Z shares. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. Finally, William Blair assumed coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Eight 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Insider Transactions at Zillow Group

In other news, General Counsel Bradley D. Owens sold 1,154 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the completion of the sale, the general counsel now directly owns 50,681 shares in the company, valued at $3,483,811.94. This represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The shares were 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 of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,947 shares of company stock valued at $7,199,000 in the last quarter. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Trading Up 0.8%

Shares of NASDAQ:Z traded up $0.57 during trading on Monday, hitting $70.94. 1,090,151 shares of the stock were exchanged, compared to its average volume of 3,073,665. The company has a fifty day moving average price of $67.00 and a two-hundred day moving average price of $73.03. The company has a market cap of $17.13 billion, a PE ratio of -150.94, a P/E/G ratio of 9.24 and a beta of 2.12. Zillow Group, Inc. has a 12-month low of $41.67 and a 12-month high of $89.39.

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.