Retirement Planning Group LLC Buys Shares of 3,945 Zillow Group, Inc. (NASDAQ:Z)

Retirement Planning Group LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,945 shares of the financial services provider's stock, valued at approximately $270,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in Zillow Group during the 4th quarter worth approximately $55,000. Assetmark Inc. increased its position in shares of Zillow Group by 7,410.0% during the fourth 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 period. Blue Trust Inc. raised its stake in shares of Zillow Group by 17.5% in the fourth 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Zillow Group by 53.3% in 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 period. Finally, Natixis purchased a new position in Zillow Group in the fourth quarter valued at $80,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

NASDAQ Z traded down $0.01 on Monday, hitting $70.28. 1,255,992 shares of the stock were exchanged, compared to its average volume of 3,174,249. The company has a market capitalization of $16.97 billion, a PE ratio of -149.53, a P/E/G ratio of 9.24 and a beta of 2.12. The business's fifty day moving average is $66.33 and its 200 day moving average is $73.61. Zillow Group, Inc. has a 52 week low of $41.67 and a 52 week high of $89.39.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight investment 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. Based on data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $83.71.

Insider Activity

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total value of $408,155.82. Following the completion of the transaction, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 103,706 shares of company stock worth $7,182,022. 25.03% of the stock is currently owned by corporate insiders.

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.