Zillow Group, Inc. (NASDAQ:Z) Shares Bought by Quantinno Capital Management LP

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

Several other institutional investors have also recently made changes to their positions in the company. Caxton Associates LP bought a new stake in Zillow Group during the fourth quarter valued at about $51,835,000. Castle Hook Partners LP bought a new stake in Zillow Group during the fourth quarter valued at about $49,887,000. Altimeter Capital Management LP boosted its position in Zillow Group by 52.0% during the fourth quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock valued at $96,320,000 after purchasing an additional 445,158 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Zillow Group during the fourth quarter valued at about $27,769,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Zillow Group by 1,337.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider's stock valued at $29,413,000 after purchasing an additional 369,580 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 5,534 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $381,735.32. Following the transaction, the insider now owns 68,889 shares of the company's stock, valued at approximately $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,741 shares of company stock worth $11,414,034 over the last three months. 25.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft raised their price target on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Price Performance

Z stock traded up $0.60 during trading on Tuesday, hitting $66.63. 810,000 shares of the company traded hands, compared to its average volume of 3,223,022. The stock's 50-day simple moving average is $66.80 and its 200 day simple moving average is $74.07. The company has a market cap of $16.09 billion, a PE ratio of -141.80, a P/E/G 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.