Smartleaf Asset Management LLC Raises Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Smartleaf Asset Management LLC boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 53.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,055 shares of the financial services provider’s stock after purchasing an additional 367 shares during the period. Smartleaf Asset Management LLC’s holdings in Zillow Group were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Zillow Group by 179.5% during the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the period. Ninety One UK Ltd boosted its holdings in Zillow Group by 3.2% during the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock worth $267,895,000 after buying an additional 111,231 shares in the last quarter. Groupama Asset Managment acquired a new stake in Zillow Group during the third quarter valued at $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Zillow Group in the third quarter valued at $38,310,000. Finally, Bridgewater Associates LP raised its position in shares of Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after acquiring an additional 424,615 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on Z. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Five investment 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 company. Based on data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $82.00.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $75.56 on Monday. The stock has a 50 day moving average of $78.09 and a 200 day moving average of $71.54. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -160.77, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z) last posted its earnings results 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 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.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is currently owned by company insiders.

About Zillow Group

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.