Quantinno Capital Management LP Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

Quantinno Capital Management LP boosted its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 29.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,448 shares of the financial services provider's stock after buying an additional 4,203 shares during the quarter. Quantinno Capital Management LP's holdings in Zillow Group were worth $1,366,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in Zillow Group in the fourth quarter worth $55,000. Assetmark Inc. increased its holdings in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after acquiring an additional 741 shares during the last quarter. Blue Trust Inc. raised its stake in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 137 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Natixis purchased a new stake in Zillow Group during the fourth quarter valued at about $80,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. William Blair began coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Insider Activity

In other news, COO Jun Choo sold 55,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32. Following the transaction, the chief executive officer now owns 171,517 shares of the company's stock, valued at $11,831,242.66. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,741 shares of company stock valued at $11,414,034. Corporate insiders own 23.76% of the company's stock.

Zillow Group Stock Down 0.3%

Shares of Zillow Group stock traded down $0.17 during trading on Wednesday, reaching $66.84. 189,846 shares of the stock were exchanged, compared to its average volume of 3,214,152. The stock's fifty day moving average is $66.73 and its 200 day moving average is $74.02. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of -142.24, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39.

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.