15,913 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd purchased a new position in Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, Holdings Channel reports. The fund purchased 15,913 shares of the financial services provider’s stock, valued at approximately $1,187,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the period. Groupama Asset Managment acquired a new position in Zillow Group in the third quarter valued at approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zillow Group in the third quarter valued at approximately $38,310,000. Bridgewater Associates LP boosted its stake in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares during the period. Finally, Mackay Shields LLC acquired a new position in Zillow Group in the fourth quarter valued at approximately $17,496,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock valued at $7,660,165 over the last quarter. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $70.94 on Friday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of -150.94, a PEG ratio of 9.24 and a beta of 2.27. The stock’s 50 day moving average price is $77.57 and its 200 day moving average price is $72.23.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) 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, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on Z shares. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

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.