International Assets Investment Management LLC Takes $9.98 Million Position in Zillow Group, Inc. (NASDAQ:Z)

International Assets Investment Management LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 172,539 shares of the financial services provider's stock, valued at approximately $9,983,000. International Assets Investment Management LLC owned about 0.07% of Zillow Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of Z. FMR LLC boosted its position in shares of Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider's stock valued at $159,285,000 after acquiring an additional 2,312,241 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Zillow Group by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider's stock valued at $1,166,953,000 after acquiring an additional 1,837,593 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Zillow Group during the 1st quarter valued at about $46,880,000. Dorsal Capital Management LLC boosted its position in shares of Zillow Group by 69.9% during the 4th quarter. Dorsal Capital Management LLC now owns 1,750,000 shares of the financial services provider's stock valued at $56,368,000 after acquiring an additional 720,000 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Zillow Group by 688.9% during the 3rd quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider's stock valued at $19,910,000 after acquiring an additional 372,532 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on Z. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $46.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Jefferies Financial Group boosted their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $58.75.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, CFO Jeremy Hofmann sold 7,813 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $54.76, for a total transaction of $427,839.88. Following the sale, the chief financial officer now directly owns 137,347 shares of the company's stock, valued at $7,521,121.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the sale, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,289 shares of company stock worth $9,642,508. 15.30% of the stock is owned by insiders.

Zillow Group Trading Down 1.9 %

NASDAQ Z traded down $0.84 during trading on Friday, reaching $44.42. 2,302,201 shares of the stock traded hands, compared to its average volume of 5,056,295. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of -65.32 and a beta of 1.75. The stock's 50-day moving average price is $52.42 and its 200 day moving average price is $49.09. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.06. The company had revenue of $474.00 million during the quarter, compared to analysts' expectations of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. Analysts predict that Zillow Group, Inc. will post -0.15 EPS for the current year.

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.