TB Alternative Assets Ltd. Grows Stock Position in Zillow Group, Inc. (NASDAQ:Z)

TB Alternative Assets Ltd. boosted its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 570,913 shares of the financial services provider's stock after acquiring an additional 187,671 shares during the period. Zillow Group accounts for about 9.1% of TB Alternative Assets Ltd.'s holdings, making the stock its biggest position. TB Alternative Assets Ltd. owned about 0.24% of Zillow Group worth $39,142,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. Blue Trust Inc. raised its stake in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 137 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 579 shares during the period. Entropy Technologies LP lifted its stake in shares of Zillow Group by 35.8% during the 4th quarter. Entropy Technologies LP now owns 29,126 shares of the financial services provider's stock valued at $2,157,000 after buying an additional 7,675 shares in the last quarter. Coronation Fund Managers Ltd. boosted its holdings in Zillow Group by 1.8% in the 4th quarter. Coronation Fund Managers Ltd. now owns 224,003 shares of the financial services provider's stock worth $16,587,000 after buying an additional 3,909 shares during the period. Finally, Savant Capital LLC grew its stake in Zillow Group by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after buying an additional 179 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Down 0.6%

Shares of NASDAQ Z traded down $0.41 during midday trading on Wednesday, reaching $71.10. The company had a trading volume of 1,464,142 shares, compared to its average volume of 3,155,038. Zillow Group, Inc. has a one year low of $41.67 and a one year high of $89.39. The firm's fifty day moving average price is $66.37 and its 200-day moving average price is $73.50. The stock has a market cap of $17.17 billion, a PE ratio of -151.29, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 11,725 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the transaction, the chief operating officer now owns 130,186 shares in the company, valued at approximately $8,952,891.22. This represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik C. Blachford sold 965 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.35, for a total transaction of $67,887.75. Following the transaction, the director now directly owns 35,474 shares of the company's stock, valued at $2,495,595.90. This represents a 2.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,706 shares of company stock worth $7,182,022. Company insiders own 25.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on Z. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. Keefe, Bruyette & Woods reduced their target price 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Eight investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.