Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. increased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 49.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 570,913 shares of the financial services provider's stock after purchasing an additional 187,671 shares during the quarter. Zillow Group accounts for approximately 9.1% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its largest holding. TB Alternative Assets Ltd. owned 0.24% of Zillow Group worth $39,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of Z. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after purchasing an additional 579 shares during the period. Entropy Technologies LP lifted its holdings in shares of Zillow Group by 35.8% during the fourth quarter. Entropy Technologies LP now owns 29,126 shares of the financial services provider's stock worth $2,157,000 after purchasing an additional 7,675 shares during the period. Coronation Fund Managers Ltd. lifted its holdings in shares of Zillow Group by 1.8% during the fourth quarter. Coronation Fund Managers Ltd. now owns 224,003 shares of the financial services provider's stock worth $16,587,000 after purchasing an additional 3,909 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of Zillow Group by 2.7% during the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock worth $503,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Insiders Place Their Bets

In other news, insider Dan Spaulding sold 3,739 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total value of $256,719.74. Following the transaction, the insider now owns 74,423 shares of the company's stock, valued at $5,109,883.18. This represents a 4.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,741 shares of company stock valued at $7,114,134. Insiders own 25.03% of the company's stock.

Zillow Group Stock Performance

NASDAQ Z opened at $70.29 on Friday. The stock's fifty day moving average is $66.33 and its two-hundred day moving average is $73.67. The firm has a market capitalization of $16.97 billion, a P/E ratio of -149.55, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12. Zillow Group, Inc. has a fifty-two week low of $41.67 and a fifty-two week high of $89.39.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Finally, Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. Eight equities 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.71.

Zillow Group 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.

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