6,808 Shares in Zillow Group, Inc. (NASDAQ:Z) Bought by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,808 shares of the financial services provider’s stock, valued at approximately $504,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Zillow Group by 10.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,117 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 467 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Zillow Group by 267.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,480 shares of the financial services provider’s stock worth $14,846,000 after buying an additional 145,889 shares during the period. Avantax Advisory Services Inc. acquired a new position in Zillow Group during the 4th quarter worth about $206,000. HighTower Advisors LLC grew its position in shares of Zillow Group by 35.7% in the 4th quarter. HighTower Advisors LLC now owns 23,452 shares of the financial services provider’s stock valued at $1,737,000 after buying an additional 6,174 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of Zillow Group by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after buying an additional 120 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Morgan Stanley increased their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Price Performance

Shares of Z opened at $70.58 on Friday. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The company has a market cap of $17.12 billion, a PE ratio of -150.17, a P/E/G ratio of 9.24 and a beta of 2.27. The stock has a 50-day moving average of $77.74 and a 200-day moving average of $71.94.

Zillow Group (NASDAQ:Z) 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 net margin of 5.01% and a negative return on equity of 2.12%. Analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,065 shares of company stock valued at $7,660,165. Corporate insiders own 23.76% of the company’s stock.

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.