Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 86.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,250 shares of the financial services provider’s stock after acquiring an additional 579 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Zillow Group were worth $94,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of Z. Sanctuary Advisors LLC acquired a new position in shares of Zillow Group during the second quarter worth about $319,000. Creative Planning boosted its holdings in Zillow Group by 3.0% in the 3rd quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 558 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in Zillow Group during the 3rd quarter worth approximately $213,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Zillow Group by 45.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,699 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 5,563 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $35,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the transaction, the insider now owns 22,739 shares of the company’s stock, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,838 shares of company stock valued at $6,619,079 over the last ninety days. Corporate insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on Z shares. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Jefferies Financial Group raised their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Stock Up 1.6 %

Z opened at $79.97 on Friday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The business has a 50-day moving average of $78.64 and a two-hundred day moving average of $68.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of -140.30, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last released 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 return on equity of 2.33% and a negative net margin of 6.17%. On average, research analysts expect that Zillow Group, Inc. will post -0.42 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.