Zillow Group, Inc. (NASDAQ:Z) Stock Holdings Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 144.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,609 shares of the financial services provider's stock after buying an additional 6,271 shares during the quarter. Tower Research Capital LLC TRC's holdings in Zillow Group were worth $786,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in Z. PNC Financial Services Group Inc. raised its holdings in shares of Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock worth $706,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance grew its holdings in Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. increased its holdings in 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 last quarter. Brown Brothers Harriman & Co. lifted its stake 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 purchasing an additional 148 shares during the last quarter. Finally, Savant Capital LLC grew its position in shares of Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares in the company, valued at $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 sold 73,919 shares of company stock worth $5,744,978. Insiders own 23.76% of the company's stock.

Zillow Group Stock Up 2.6 %

Z stock traded up $1.75 during trading on Friday, hitting $69.08. The company had a trading volume of 697,528 shares, compared to its average volume of 2,920,891. The company has a 50 day simple moving average of $68.70 and a 200-day simple moving average of $73.25. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The firm has a market capitalization of $16.75 billion, a P/E ratio of -146.82, a PEG ratio of 9.24 and a beta of 2.19.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Eight 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $81.71.

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.