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

Altimeter Capital Management LP boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 52.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,300,738 shares of the financial services provider's stock after purchasing an additional 445,158 shares during the quarter. Zillow Group comprises 1.7% of Altimeter Capital Management LP's holdings, making the stock its 15th biggest position. Altimeter Capital Management LP owned 0.56% of Zillow Group worth $96,320,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of Z. DoubleLine ETF Adviser LP increased its holdings in shares of Zillow Group by 1.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after acquiring an additional 163 shares in the last quarter. Keel Point LLC lifted its position in Zillow Group by 1.7% during the 4th quarter. Keel Point LLC now owns 13,760 shares of the financial services provider's stock worth $1,019,000 after buying an additional 234 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at approximately $687,000. AQR Capital Management LLC raised its stake in Zillow Group by 652.1% in the fourth quarter. AQR Capital Management LLC now owns 131,015 shares of the financial services provider's stock valued at $9,702,000 after buying an additional 113,594 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Northern Trust Corp now owns 970,523 shares of the financial services provider's stock worth $71,867,000 after buying an additional 144,820 shares during the period. Institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on Z shares. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Finally, William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Zillow Group has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,919 shares of company stock worth $5,744,978 in the last three months. 25.03% of the stock is owned by company insiders.

Zillow Group Stock Performance

Shares of Z traded up $0.51 during mid-day trading on Thursday, hitting $68.39. 3,070,326 shares of the company traded hands, compared to its average volume of 3,256,019. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The stock has a 50-day moving average price of $67.97 and a two-hundred day moving average price of $73.38. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of -145.51, a P/E/G ratio of 9.24 and a beta of 2.23.

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%. On average, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.