236,272 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Mackay Shields LLC

Mackay Shields LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, HoldingsChannel reports. The firm purchased 236,272 shares of the financial services provider’s stock, valued at approximately $17,496,000.

Other hedge funds also recently bought and sold shares of the company. Wealthspire Advisors LLC lifted its stake in Zillow Group by 48.7% during the 4th quarter. Wealthspire Advisors LLC now owns 6,167 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 2,021 shares during the period. O Neil Global Advisors Inc. bought a new position in Zillow Group during the 4th quarter valued at about $507,000. Handelsbanken Fonder AB lifted its stake in Zillow Group by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 46,600 shares of the financial services provider’s stock valued at $3,451,000 after acquiring an additional 1,100 shares during the period. Ieq Capital LLC lifted its stake in Zillow Group by 40.7% during the 4th quarter. Ieq Capital LLC now owns 29,323 shares of the financial services provider’s stock valued at $2,171,000 after acquiring an additional 8,489 shares during the period. Finally, TKG Advisors LLC bought a new position in Zillow Group during the 4th quarter valued at about $5,409,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 4.4 %

Zillow Group stock opened at $74.91 on Friday. The firm has a 50 day moving average of $78.39 and a 200 day moving average of $69.74. The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of -159.38, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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 predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Z has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $82.00.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,481,540.32. This represents a 6.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company’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 completion of the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,838 shares of company stock valued at $4,617,389. 23.76% of the stock is owned by corporate insiders.

Zillow Group Company 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.