Price T Rowe Associates Inc. MD Has $7.94 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Price T Rowe Associates Inc. MD raised its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,209 shares of the financial services provider's stock after purchasing an additional 11,203 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Zillow Group were worth $7,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after acquiring an additional 116 shares during the period. Independent Advisor Alliance raised its stake in shares of Zillow Group by 3.4% in the 4th 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 in the last quarter. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after acquiring an additional 148 shares during the period. Finally, Savant Capital LLC raised its position in Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock worth $503,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 1,277 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock valued at $5,744,978 in the last 90 days. 23.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. Finally, KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" and an average target price of $85.17.

Zillow Group Stock Down 1.4 %

Z traded down $0.94 during midday trading on Tuesday, reaching $67.19. 2,201,049 shares of the company's stock were exchanged, compared to its average volume of 3,268,887. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $89.39. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of -142.96, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The business has a 50-day simple moving average of $68.15 and a two-hundred day simple moving average of $73.42.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.