Tybourne Capital Management HK Ltd. acquired a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 206,673 shares of the financial services provider's stock, valued at approximately $15,304,000. Zillow Group makes up 3.8% of Tybourne Capital Management HK Ltd.'s investment portfolio, making the stock its 10th biggest holding. Tybourne Capital Management HK Ltd. owned 0.09% of Zillow Group at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Zillow Group by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock worth $113,941,000 after purchasing an additional 11,727 shares during the period. Proficio Capital Partners LLC purchased a new position in Zillow Group in the 4th quarter worth $7,375,000. Vinva Investment Management Ltd purchased a new position in Zillow Group in the 4th quarter worth $1,187,000. Donoghue Forlines LLC purchased a new position in Zillow Group in the 4th quarter worth $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after purchasing an additional 6,900 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Zillow Group
In related news, General Counsel Bradley D. Owens sold 1,154 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the sale, the general counsel now owns 50,681 shares in the company, valued at approximately $3,483,811.94. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the sale, the chief executive officer now owns 171,517 shares in the company, valued at $11,831,242.66. This represents a 6.02% 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 quarter. 25.03% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. 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 stock. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.
Read Our Latest Stock Report on Zillow Group
Zillow Group Price Performance
Z stock traded up $1.00 during trading on Friday, hitting $66.03. 1,950,098 shares of the stock traded hands, compared to its average volume of 3,226,895. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The firm's 50 day moving average is $66.90 and its two-hundred day moving average is $74.01. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of -140.49, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23.
About Zillow Group
(
Free Report)
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.
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