Gilder Gagnon Howe & Co. LLC Raises Position in Zillow Group, Inc. (NASDAQ:Z)

Gilder Gagnon Howe & Co. LLC grew its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 317,071 shares of the financial services provider's stock after purchasing an additional 31,980 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.14% of Zillow Group worth $23,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares during the last quarter. Independent Advisor Alliance increased its position in Zillow Group by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after buying an additional 120 shares during the period. Blue Trust Inc. boosted 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 valued at $68,000 after acquiring an additional 137 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 148 shares during the period. Finally, Savant Capital LLC boosted its stake in Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 2,025 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $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. Over the last 90 days, insiders sold 73,919 shares of company stock worth $5,744,978. 23.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on Z shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. William Blair began coverage on shares of Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a report on Friday, March 28th. They issued a "market perform" rating and a $80.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Zillow Group Stock Performance

NASDAQ Z traded up $0.52 on Thursday, hitting $67.85. The stock had a trading volume of 783,146 shares, compared to its average volume of 3,332,220. The firm has a 50-day moving average of $68.86 and a 200-day moving average of $73.22. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of -143.85, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS 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, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.