Cerity Partners LLC Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

Cerity Partners LLC increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 67.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,475 shares of the financial services provider's stock after acquiring an additional 8,215 shares during the quarter. Cerity Partners LLC's holdings in Zillow Group were worth $1,404,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in Z. Ninety One UK Ltd grew its holdings in Zillow Group by 11.4% in the 1st quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider's stock valued at $276,263,000 after buying an additional 411,742 shares in the last quarter. Dorsal Capital Management LP grew its holdings in Zillow Group by 4.7% in the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock valued at $248,068,000 after buying an additional 150,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Zillow Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock valued at $212,745,000 after buying an additional 28,728 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Zillow Group by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock valued at $114,109,000 after acquiring an additional 65,724 shares during the period. Finally, Altimeter Capital Management LP lifted its position in shares of Zillow Group by 52.0% during the 4th quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock valued at $96,320,000 after acquiring an additional 445,158 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Trading Up 0.5%

Shares of NASDAQ:Z traded up $0.37 during mid-day trading on Friday, hitting $80.77. 396,636 shares of the company traded hands, compared to its average volume of 2,621,598. The stock has a market cap of $19.50 billion, a P/E ratio of -237.56, a P/E/G ratio of 14.88 and a beta of 2.11. Zillow Group, Inc. has a 12-month low of $41.67 and a 12-month high of $89.39. The stock has a 50-day moving average price of $71.33 and a two-hundred day moving average price of $72.15.

Insiders Place Their Bets

In other Zillow Group news, Director Gordon Sheridan Stephenson sold 10,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $70.69, for a total value of $706,900.00. Following the sale, the director directly owned 28,290 shares in the company, valued at $1,999,820.10. The trade was a 26.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 7,959 shares of the business'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 completion of the sale, the chief financial officer owned 97,481 shares in the company, valued at approximately $6,724,239.38. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,093 shares of company stock valued at $6,989,688. 25.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. 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 report on Wednesday, May 7th. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Company Profile

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.