Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 1,337.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 397,211 shares of the financial services provider’s stock after buying an additional 369,580 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Zillow Group were worth $29,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in Z. PNC Financial Services Group Inc. lifted its holdings in shares of Zillow Group by 1.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after buying an additional 116 shares during the period. Independent Advisor Alliance lifted its holdings in Zillow Group by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Zillow Group by 2.1% in the 4th 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 raised its holdings in shares of Zillow Group by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 179 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Up 2.2 %

Z stock opened at $71.29 on Thursday. The company has a 50 day moving average of $76.77 and a two-hundred day moving average of $73.34. The company has a market cap of $17.29 billion, a price-to-earnings ratio of -151.68, a PEG ratio of 9.24 and a beta of 2.19. 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 quarterly earnings data 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%. On average, research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on Z shares. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research report on Friday, March 28th. They issued a “market perform” rating and a $80.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

Insider Activity at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is owned by corporate insiders.

About Zillow Group

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.