Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Altimeter Capital Management LP

Altimeter Capital Management LP increased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,300,738 shares of the financial services provider's stock after acquiring an additional 445,158 shares during the period. Zillow Group makes up about 1.7% of Altimeter Capital Management LP's investment portfolio, making the stock its 15th largest position. Altimeter Capital Management LP owned approximately 0.56% of Zillow Group worth $96,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Zillow Group in the 4th quarter valued at $55,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after buying an additional 741 shares during the period. Blue Trust Inc. increased its position 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 worth $68,000 after acquiring an additional 137 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Zillow Group during the fourth quarter valued at approximately $80,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 target price for the company. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.17.

Zillow Group Stock Up 2.3 %

Shares of Z opened at $68.88 on Friday. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The firm has a market capitalization of $16.71 billion, a PE ratio of -146.55, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The stock's fifty day simple moving average is $68.54 and its 200-day simple moving average is $73.29.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. Analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were 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 of the company's stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,919 shares of company stock valued at $5,744,978. 23.76% of the stock is owned by corporate insiders.

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.

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