Tybourne Capital Management HK Ltd. Takes Position in Zillow Group, Inc. (NASDAQ:Z)

Tybourne Capital Management HK Ltd. acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to the company in 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 comprises about 3.8% of Tybourne Capital Management HK Ltd.'s portfolio, making the stock its 10th largest holding. Tybourne Capital Management HK Ltd. owned about 0.09% of Zillow Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ninety One UK Ltd lifted its holdings in shares of Zillow Group by 3.2% in the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock valued at $267,895,000 after purchasing an additional 111,231 shares in the last quarter. Dorsal Capital Management LP increased its stake in shares of Zillow Group by 4.7% in the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock worth $248,068,000 after acquiring an additional 150,000 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after acquiring an additional 28,728 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Zillow Group by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock worth $114,109,000 after acquiring an additional 65,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock worth $113,941,000 after acquiring an additional 11,727 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Stock Up 2.3%

Shares of Z opened at $69.81 on Monday. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of -148.53, a P/E/G ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 12 month low of $39.05 and a 12 month high of $89.39. The company has a 50-day moving average price of $67.29 and a two-hundred day moving average price of $74.01.

Insider Activity

In related news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeremy Wacksman sold 7,418 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.66, for a total transaction of $509,319.88. Following the completion of the sale, the chief executive officer now directly owns 182,501 shares of the company's stock, valued at approximately $12,530,518.66. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,741 shares of company stock worth $11,414,034. Insiders own 25.03% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on Z. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. William Blair started coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock 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.

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