Schonfeld Strategic Advisors LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,283 shares of the financial services provider's stock, valued at approximately $687,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in Zillow Group during the 4th quarter valued at $55,000. Assetmark Inc. raised its stake in 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 acquiring an additional 741 shares during the period. Blue Trust Inc. grew its position in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Natixis purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $80,000. Hedge funds and other institutional investors own 71.01% of the company's stock.
Analyst Upgrades and Downgrades
Z has been the subject of several recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.
Get Our Latest Report on Z
Insider Buying and Selling at Zillow Group
In related news, COO Jun Choo sold 10,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $70.65, for a total transaction of $706,500.00. Following the completion of the transaction, the chief operating officer now directly owns 120,186 shares in the company, valued at $8,491,140.90. This represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer Rock sold 5,997 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at $3,969,259.20. This represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,576 shares of company stock worth $6,430,196 over the last 90 days. Insiders own 25.03% of the company's stock.
Zillow Group Stock Performance
Shares of Z stock traded up $0.11 on Thursday, hitting $68.37. 697,134 shares of the stock traded hands, compared to its average volume of 3,246,624. Zillow Group, Inc. has a twelve month low of $39.05 and a twelve month high of $89.39. The firm's 50-day moving average price is $67.38 and its two-hundred day moving average price is $73.67. The stock has a market capitalization of $16.58 billion, a PE ratio of -145.30, a PEG ratio of 9.24 and a beta of 2.23.
Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.
Zillow Group Profile
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Free Report)
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.
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