Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in Zillow Group, Inc. (NASDAQ:ZG) by 1,261.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,465 shares of the technology company’s stock after buying an additional 241,331 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.11% of Zillow Group worth $18,454,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ZG. Jones Financial Companies Lllp boosted its stake in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Zillow Group by 0.6% in the fourth quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock valued at $6,520,000 after purchasing an additional 509 shares during the period. Ieq Capital LLC increased its position in Zillow Group by 4.9% during the fourth quarter. Ieq Capital LLC now owns 12,123 shares of the technology company’s stock worth $859,000 after purchasing an additional 566 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in Zillow Group during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 over the last three months. 17.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ZG. Bank of America upped their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Citigroup raised their price objective on Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Benchmark lifted their price objective on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. DA Davidson raised their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a report 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Zillow Group Stock Down 2.3 %

Shares of ZG opened at $65.32 on Friday. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of -138.98, a PEG ratio of 8.90 and a beta of 2.22. The business’s 50 day moving average is $73.99 and its two-hundred day moving average is $70.84.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company 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%. On average, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.