Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by GAMMA Investing LLC

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

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Zillow Group by 1.2% in 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 purchasing an additional 116 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of Zillow Group by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after acquiring an additional 120 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Zillow Group by 2.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after acquiring 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 acquiring an additional 163 shares during the last quarter. Finally, Savant Capital LLC increased its stake in shares of Zillow Group by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock worth $503,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ:Z traded up $0.57 during trading on Monday, reaching $70.94. The company had a trading volume of 1,090,151 shares, compared to its average volume of 3,073,665. The stock's fifty day moving average price is $67.00 and its 200 day moving average price is $73.03. Zillow Group, Inc. has a fifty-two week low of $41.67 and a fifty-two week high of $89.39. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of -150.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company's stock, valued at $3,969,259.20. This represents a 9.32% 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 over the last quarter. Company insiders own 25.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods cut their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

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.