GAMMA Investing LLC Has $2.85 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

GAMMA Investing LLC raised its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 10,025.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,616 shares of the financial services provider's stock after purchasing an additional 41,205 shares during the quarter. GAMMA Investing LLC's holdings in Zillow Group were worth $2,853,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after buying an additional 579 shares during the period. Savant Capital LLC grew its position in Zillow Group by 2.7% during the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 179 shares in the last quarter. G&S Capital LLC purchased a new position in Zillow Group during the fourth quarter valued at approximately $1,082,000. Asset Management One Co. Ltd. increased its stake in Zillow Group by 3.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 56,246 shares of the financial services provider's stock valued at $4,285,000 after buying an additional 2,075 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Zillow Group during the 4th quarter worth about $4,734,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Zillow Group stock traded down $1.40 on Friday, reaching $70.37. The company's stock had a trading volume of 1,707,780 shares, compared to its average volume of 3,096,916. The business's fifty day moving average price is $66.61 and its 200 day moving average price is $73.40. The company has a market cap of $16.99 billion, a price-to-earnings ratio of -149.72, a PEG ratio of 9.24 and a beta of 2.12. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39.

Analysts Set New Price Targets

Z has been the topic of several recent research reports. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 7th. William Blair started coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. JPMorgan Chase & Co. dropped their price target 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. Finally, Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.71.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,997 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 7,418 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.66, for a total value of $509,319.88. Following the transaction, the chief executive officer now owns 182,501 shares in the company, valued at $12,530,518.66. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,947 shares of company stock worth $7,199,000 over the last ninety days. Company insiders own 25.03% of the company's stock.

About Zillow Group

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.