XTX Topco Ltd Buys 19,655 Shares of Zillow Group, Inc. (NASDAQ:Z)

Key Points

• XTX Topco Ltd increased its stake in Zillow Group by 126.2%, acquiring an additional 19,655 shares, raising its total holdings to 35,230 shares valued at approximately $2.4 million.
• Analysts have mixed ratings for Zillow Group, with a consensus rating of "Moderate Buy" and an average price target of $83.71, while individual price targets vary widely.
• Insider trading activity is noteworthy, with CFO and CEO both selling a total of approximately 18,943 shares at an average price of $68.98, indicating potential confidence issues regarding the company's stock performance.

XTX Topco Ltd boosted its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 126.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,230 shares of the financial services provider's stock after buying an additional 19,655 shares during the quarter. XTX Topco Ltd's holdings in Zillow Group were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of Z. Korea Investment CORP boosted its holdings in shares of Zillow Group by 9.9% in the fourth quarter. Korea Investment CORP now owns 96,629 shares of the financial services provider's stock worth $7,155,000 after acquiring an additional 8,717 shares during the period. Norges Bank bought a new position in shares of Zillow Group in the fourth quarter worth $15,923,000. Pictet Asset Management Holding SA boosted its holdings in shares of Zillow Group by 1.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 58,683 shares of the financial services provider's stock worth $4,345,000 after acquiring an additional 638 shares during the period. DnB Asset Management AS boosted its holdings in shares of Zillow Group by 3.1% in the fourth quarter. DnB Asset Management AS now owns 28,492 shares of the financial services provider's stock worth $2,110,000 after acquiring an additional 865 shares during the period. Finally, Allstate Corp bought a new position in shares of Zillow Group in the fourth quarter worth $343,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. William Blair assumed coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Keefe, Bruyette & Woods decreased their price target on shares of 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, Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.71.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,959 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $549,011.82. Following the sale, the chief financial officer owned 97,481 shares of the company's stock, valued at $6,724,239.38. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of the firm'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 $757,676.32. Following the completion of the sale, the chief executive officer directly owned 171,517 shares in the company, valued at approximately $11,831,242.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,093 shares of company stock worth $6,989,688 in the last 90 days. Corporate insiders own 25.03% of the company's stock.

Zillow Group Stock Performance

Shares of Z stock traded down $0.81 on Wednesday, hitting $79.03. 1,277,144 shares of the company's stock traded hands, compared to its average volume of 2,288,374. Zillow Group, Inc. has a one year low of $41.67 and a one year high of $89.39. The company's fifty day simple moving average is $72.09 and its 200 day simple moving average is $72.35. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of -232.44, a P/E/G ratio of 14.75 and a beta of 2.11.

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.