XTX Topco Ltd Buys 1,492 Shares of Zillow Group, Inc. (NASDAQ:Z)

XTX Topco Ltd increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 10.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,575 shares of the financial services provider’s stock after purchasing an additional 1,492 shares during the quarter. XTX Topco Ltd’s holdings in Zillow Group were worth $1,153,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Zillow Group by 1,337.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider’s stock worth $29,413,000 after purchasing an additional 369,580 shares in the last quarter. Mackay Shields LLC bought a new stake in Zillow Group during the 4th quarter worth about $17,496,000. Norges Bank acquired a new position in shares of Zillow Group during the 4th quarter worth about $15,923,000. Bank of Nova Scotia bought a new position in shares of Zillow Group in the 4th quarter valued at about $14,665,000. Finally, Hillman Co. increased its position in shares of Zillow Group by 88.1% in the fourth quarter. Hillman Co. now owns 348,301 shares of the financial services provider’s stock valued at $25,792,000 after acquiring an additional 163,105 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the subject of several recent research reports. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 5,796 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value 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 approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 over the last quarter. 23.76% of the stock is owned by company insiders.

Zillow Group Trading Up 2.3 %

Shares of Z stock opened at $64.09 on Wednesday. The stock has a market cap of $15.55 billion, a P/E ratio of -136.36, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The stock has a 50 day simple moving average of $72.55 and a 200 day simple moving average of $73.16.

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