First Trust Advisors LP Purchases New Shares in Zillow Group, Inc. (NASDAQ:Z)

First Trust Advisors LP bought a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,966 shares of the financial services provider's stock, valued at approximately $442,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. National Bank of Canada FI acquired a new position in Zillow Group during the 4th quarter worth $55,000. Assetmark Inc. lifted its stake in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares during the period. Smartleaf Asset Management LLC grew its holdings in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Zillow Group by 86.3% during the 4th 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 last quarter. Institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. William Blair assumed coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating for the company. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. Eight 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 stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average price target of $83.71.

Zillow Group Stock Down 1.3%

Zillow Group stock traded down $0.92 during trading on Tuesday, hitting $70.29. The stock had a trading volume of 2,053,095 shares, compared to its average volume of 3,261,773. The stock's 50 day moving average is $67.60 and its two-hundred day moving average is $73.74. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of -149.55, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $70.65, for a total value of $706,500.00. Following the completion of the transaction, the chief operating officer now directly owns 120,186 shares of the company's stock, valued at approximately $8,491,140.90. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 5,997 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,641 shares of company stock valued at $7,665,962. 25.03% of the stock is owned by corporate insiders.

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.