Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP lifted its stake in Zillow Group, Inc. (NASDAQ:Z) by 38.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 724,532 shares of the financial services provider’s stock after acquiring an additional 200,760 shares during the quarter. Bridgewater Associates LP’s holdings in Zillow Group were worth $53,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI purchased a new stake in Zillow Group in the 4th quarter worth approximately $55,000. Assetmark Inc. boosted its holdings in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. grew its position in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC increased its holdings in Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after buying an additional 367 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after buying an additional 579 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock valued at $7,869,478 in the last ninety days. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Finally, Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Stock Performance

Shares of Z stock opened at $62.63 on Tuesday. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The stock’s fifty day moving average is $73.01 and its two-hundred day moving average is $73.22. The firm has a market capitalization of $15.19 billion, a P/E ratio of -133.26, a PEG ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last posted 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, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share 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.