AustralianSuper Pty Ltd Boosts Holdings in Zillow Group, Inc. (NASDAQ:Z)

AustralianSuper Pty Ltd boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 128.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 146,260 shares of the financial services provider's stock after purchasing an additional 82,333 shares during the quarter. AustralianSuper Pty Ltd owned about 0.06% of Zillow Group worth $10,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ninety One UK Ltd increased its position in shares of Zillow Group by 11.4% during the 1st quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider's stock valued at $276,263,000 after purchasing an additional 411,742 shares during the last quarter. Dorsal Capital Management LP raised its holdings in shares of Zillow Group by 4.7% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $212,745,000 after purchasing an additional 28,728 shares during the period. Dimensional Fund Advisors LP increased its holdings in Zillow Group by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock valued at $114,109,000 after buying an additional 65,724 shares during the period. Finally, Altimeter Capital Management LP lifted its stake in shares of Zillow Group by 52.0% during the 4th quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock worth $96,320,000 after purchasing an additional 445,158 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Zillow Group

In other news, Director Erik C. Blachford sold 965 shares of Zillow Group stock in a transaction on Monday, June 9th. The stock was sold at an average price of $70.35, for a total transaction of $67,887.75. Following the transaction, the director owned 35,474 shares in the company, valued at $2,495,595.90. The trade was a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeremy Wacksman sold 10,984 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the sale, the chief executive officer directly owned 171,517 shares of the company's stock, valued at approximately $11,831,242.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,093 shares of company stock worth $6,989,688 over the last 90 days. Corporate insiders own 23.76% of the company's stock.

Zillow Group Stock Performance

Zillow Group stock traded down $0.14 during trading on Friday, reaching $77.46. The company had a trading volume of 2,342,713 shares, compared to its average volume of 2,963,749. The firm's 50-day simple moving average is $70.51 and its 200 day simple moving average is $71.98. The firm has a market capitalization of $18.70 billion, a PE ratio of -227.82, a price-to-earnings-growth ratio of 14.31 and a beta of 2.11. Zillow Group, Inc. has a 1-year low of $41.67 and a 1-year 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.