Arrow Capital Pty Ltd Takes $1.48 Million Position in Zillow Group, Inc. (NASDAQ:Z)

Arrow Capital Pty Ltd acquired a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the financial services provider's stock, valued at approximately $1,481,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in shares of Zillow Group by 12.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 214,600 shares of the financial services provider's stock valued at $15,891,000 after purchasing an additional 23,400 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of Zillow Group by 38.3% during the fourth quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider's stock valued at $53,652,000 after purchasing an additional 200,760 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $245,000. XTX Topco Ltd boosted its position in shares of Zillow Group by 10.6% in the 4th quarter. XTX Topco Ltd now owns 15,575 shares of the financial services provider's stock worth $1,153,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Zillow Group by 19.9% in the 4th quarter. Mariner LLC now owns 17,475 shares of the financial services provider's stock worth $1,294,000 after buying an additional 2,897 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Insiders Place Their Bets

In other news, CTO David A. Beitel sold 2,025 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock worth $7,869,478 over the last 90 days. Company insiders own 23.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on Z shares. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. William Blair started coverage on shares of Zillow Group in a report on Monday. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. Morgan Stanley lifted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and an average price target of $81.71.

Zillow Group Price Performance

Shares of NASDAQ:Z traded up $2.83 during trading hours on Tuesday, hitting $63.12. 640,027 shares of the company's stock traded hands, compared to its average volume of 3,356,693. The business has a fifty day moving average price of $70.72 and a 200-day moving average price of $73.17. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm has a market capitalization of $15.31 billion, a P/E ratio of -134.44, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.