Northern Trust Corp Purchases 144,820 Shares of Zillow Group, Inc. (NASDAQ:Z)

Northern Trust Corp lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 970,523 shares of the financial services provider's stock after purchasing an additional 144,820 shares during the quarter. Northern Trust Corp owned approximately 0.42% of Zillow Group worth $71,867,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI bought a new stake in shares of Zillow Group during the 4th quarter worth $55,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after buying an additional 741 shares during the period. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of 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 buying an additional 367 shares during the period. Finally, Natixis bought a new stake in shares of Zillow Group during the 4th quarter worth $80,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Trading Up 0.0%

Shares of Zillow Group stock traded up $0.03 during midday trading on Friday, reaching $67.93. The company had a trading volume of 3,246,258 shares, compared to its average volume of 3,265,112. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of -144.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The stock has a fifty day simple moving average of $67.72 and a 200 day simple moving average of $73.66. Zillow Group, Inc. has a 1-year low of $39.05 and a 1-year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Jun Choo sold 55,000 shares of the business's 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 transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,790,167.54. The trade was a 38.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,919 shares of company stock valued at $5,744,978. Company insiders own 25.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Morgan Stanley increased their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.