OMERS ADMINISTRATION Corp Sells 17,586 Shares of Zillow Group, Inc. (NASDAQ:Z)

OMERS ADMINISTRATION Corp cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,448 shares of the financial services provider's stock after selling 17,586 shares during the period. OMERS ADMINISTRATION Corp's holdings in Zillow Group were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Caxton Associates LP acquired a new position in Zillow Group in the 4th quarter worth $51,835,000. Castle Hook Partners LP acquired a new position in Zillow Group during the 4th quarter worth approximately $49,887,000. Altimeter Capital Management LP boosted its position in 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. Adage Capital Partners GP L.L.C. bought a new position in shares of Zillow Group during the 4th quarter worth approximately $27,769,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Zillow Group by 1,337.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider's stock valued at $29,413,000 after purchasing an additional 369,580 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Z has been the subject of a number of research analyst reports. William Blair assumed coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods cut their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 5,997 shares of Zillow Group stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the sale, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the transaction, the chief executive officer now directly owns 171,517 shares of the company's stock, valued at $11,831,242.66. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,741 shares of company stock worth $11,414,034. 25.03% of the stock is owned by insiders.

Zillow Group Stock Down 2.9%

Z traded down $2.02 during trading on Monday, hitting $67.79. 1,704,559 shares of the company's stock were exchanged, compared to its average volume of 3,232,365. 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 $16.44 billion, a P/E ratio of -144.23, a PEG ratio of 9.24 and a beta of 2.23. The business's 50 day moving average is $67.29 and its two-hundred day moving average is $74.01.

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.