Tidal Investments LLC Raises Holdings in Zillow Group, Inc. (NASDAQ:Z)

Tidal Investments LLC grew its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 411.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,633 shares of the financial services provider's stock after purchasing an additional 13,383 shares during the period. Tidal Investments LLC's holdings in Zillow Group were worth $1,232,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Caxton Associates LP bought a new stake in shares of Zillow Group during the 4th quarter worth approximately $51,835,000. Castle Hook Partners LP bought a new stake in shares of Zillow Group during the 4th quarter worth approximately $49,887,000. Polar Capital Holdings Plc bought a new stake in shares of Zillow Group during the 4th quarter worth approximately $33,504,000. Altimeter Capital Management LP lifted its stake 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 worth $96,320,000 after acquiring an additional 445,158 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Zillow Group during the 4th quarter worth approximately $27,769,000. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on Z. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price 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. William Blair started coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. 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's stock. According to MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average target price of $83.71.

Zillow Group Price Performance

Z traded up $0.22 during trading hours on Wednesday, reaching $67.23. The company's stock had a trading volume of 958,663 shares, compared to its average volume of 3,217,137. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The stock has a market cap of $16.23 billion, a PE ratio of -143.04, a P/E/G ratio of 9.24 and a beta of 2.23. The business's 50-day moving average is $66.73 and its 200-day moving average is $74.02.

Insiders Place Their Bets

In other news, CEO Jeremy Wacksman sold 10,984 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the sale, the chief executive officer now directly owns 171,517 shares in the company, valued at approximately $11,831,242.66. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,741 shares of company stock worth $11,414,034 over the last ninety days. Corporate insiders own 23.76% of the company's stock.

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.