375,000 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 375,000 shares of the financial services provider's stock, valued at approximately $27,769,000. Adage Capital Partners GP L.L.C. owned 0.16% of Zillow Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock valued at $113,941,000 after purchasing an additional 11,727 shares during the period. Proficio Capital Partners LLC purchased a new stake in Zillow Group in the 4th quarter valued at about $7,375,000. Vinva Investment Management Ltd purchased a new stake in Zillow Group in the 4th quarter valued at about $1,187,000. Donoghue Forlines LLC acquired a new position in Zillow Group in the fourth quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Zillow Group by 18.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after buying an additional 6,900 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research analyst reports. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 price objective for the company. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Seven 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of the firm's 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 sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 23.76% of the company's stock.

Zillow Group Trading Down 0.5 %

Shares of Zillow Group stock traded down $0.34 during trading on Monday, reaching $65.93. The company's stock had a trading volume of 2,210,372 shares, compared to its average volume of 3,343,248. The company has a 50-day moving average price of $69.24 and a two-hundred day moving average price of $73.30. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The firm has a market cap of $15.99 billion, a PE ratio of -140.28, a P/E/G ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal 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.