Robeco Institutional Asset Management B.V. Raises Position in Zillow Group, Inc. (NASDAQ:Z)

Robeco Institutional Asset Management B.V. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 59.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 309,170 shares of the financial services provider's stock after acquiring an additional 114,853 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.13% of Zillow Group worth $21,197,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Caxton Associates LP purchased a new stake in Zillow Group during the 4th quarter valued at about $51,835,000. Castle Hook Partners LP acquired a new stake in shares of Zillow Group in the 4th quarter valued at $49,887,000. Polar Capital Holdings Plc acquired a new stake in Zillow Group during the fourth quarter worth approximately $33,504,000. Altimeter Capital Management LP boosted its holdings in shares of Zillow Group by 52.0% in the fourth 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. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Zillow Group in the 4th quarter valued at approximately $27,769,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. William Blair initiated coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $83.71.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,962 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total transaction of $477,802.06. Following the sale, the insider directly owned 135,674 shares of the company's stock, valued at $9,311,306.62. The trade was a 4.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 10,984 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the transaction, the chief executive officer owned 171,517 shares of the company's stock, valued at $11,831,242.66. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,093 shares of company stock worth $6,989,688. Corporate insiders own 25.03% of the company's stock.

Zillow Group Stock Performance

NASDAQ Z traded up $0.31 during trading hours on Monday, hitting $70.05. 1,894,504 shares of the company traded hands, compared to its average volume of 2,997,112. The business's 50-day moving average is $67.97 and its 200-day moving average is $72.17. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of -206.03, a P/E/G ratio of 12.88 and a beta of 2.12.

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.