Point72 Asia Singapore Pte. Ltd. Acquires New Shares in Zillow Group, Inc. (NASDAQ:Z)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,066 shares of the financial services provider's stock, valued at approximately $449,000.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Zillow Group by 1,309.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider's stock worth $4,915,000 after purchasing an additional 61,663 shares during the last quarter. Park Avenue Securities LLC lifted its position in Zillow Group by 14.8% during the fourth quarter. Park Avenue Securities LLC now owns 10,247 shares of the financial services provider's stock worth $759,000 after buying an additional 1,324 shares during the period. ERn Financial LLC boosted its stake in Zillow Group by 11.2% in the 4th quarter. ERn Financial LLC now owns 11,239 shares of the financial services provider's stock worth $832,000 after buying an additional 1,135 shares during the last quarter. Mirador Capital Partners LP grew its holdings in Zillow Group by 1.5% in the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider's stock valued at $1,478,000 after buying an additional 292 shares during the period. Finally, Avanza Fonder AB purchased a new stake in Zillow Group in the 4th quarter valued at about $681,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on Z. JPMorgan Chase & Co. cut their price target 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. Keefe, Bruyette & Woods dropped their price objective on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Finally, William Blair assumed coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating for the company. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

Insiders Place Their Bets

In other news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,741 shares of company stock worth $11,414,034. Company insiders own 25.03% of the company's stock.

Zillow Group Stock Down 0.9%

NASDAQ:Z traded down $0.61 during trading hours on Tuesday, reaching $67.18. 1,614,529 shares of the company's stock were exchanged, compared to its average volume of 3,225,921. The company has a market capitalization of $16.30 billion, a P/E ratio of -142.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 12 month low of $39.05 and a 12 month high of $89.39. The business's 50-day simple moving average is $67.22 and its two-hundred day simple moving average is $74.06.

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.