Schonfeld Strategic Advisors LLC Purchases Shares of 9,283 Zillow Group, Inc. (NASDAQ:Z)

Schonfeld Strategic Advisors LLC acquired a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,283 shares of the financial services provider's stock, valued at approximately $687,000.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $55,000. Assetmark Inc. grew its position in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 741 shares during the period. Blue Trust Inc. raised its stake in 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 acquiring an additional 137 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Zillow Group by 53.3% during the fourth 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 period. Finally, Natixis acquired a new stake in shares of Zillow Group in the 4th quarter valued at $80,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. The trade was a 1.96 % 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 55,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,919 shares of company stock worth $5,744,978. Insiders own 25.03% of the company's stock.

Zillow Group Price Performance

Z opened at $67.93 on Friday. The firm has a 50 day simple moving average of $67.72 and a 200 day simple moving average of $73.46. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The company has a market cap 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.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. As a group, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. William Blair assumed coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday. Finally, Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

About Zillow Group

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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