Canada Pension Plan Investment Board Has $15.89 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

Canada Pension Plan Investment Board boosted its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,600 shares of the financial services provider's stock after purchasing an additional 23,400 shares during the period. Canada Pension Plan Investment Board owned about 0.09% of Zillow Group worth $15,891,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Bridgewater Associates LP increased its holdings in Zillow Group by 38.3% in the fourth quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider's stock valued at $53,652,000 after buying an additional 200,760 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $245,000. XTX Topco Ltd lifted its stake in Zillow Group by 10.6% during the fourth quarter. XTX Topco Ltd now owns 15,575 shares of the financial services provider's stock worth $1,153,000 after purchasing an additional 1,492 shares during the last quarter. Mariner LLC boosted its holdings in Zillow Group by 19.9% in the fourth quarter. Mariner LLC now owns 17,475 shares of the financial services provider's stock worth $1,294,000 after purchasing an additional 2,897 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Zillow Group by 50.1% during the fourth quarter. Sterling Capital Management LLC now owns 9,218 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 3,076 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. William Blair began coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group Price Performance

Zillow Group stock traded up $0.44 during trading hours on Friday, hitting $66.27. The company had a trading volume of 1,231,437 shares, compared to its average volume of 3,346,416. The firm's fifty day moving average is $69.51 and its 200-day moving average is $73.10. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The firm has a market capitalization of $16.07 billion, a P/E ratio of -141.00, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last posted 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 net margin of 5.01% and a negative return on equity of 2.12%. Analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 6,967 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company's stock, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company's stock, 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. In the last 90 days, insiders sold 98,919 shares of company stock valued at $7,869,478. Insiders own 23.76% of the company's stock.

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.