Aigen Investment Management LP Has $1.47 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Aigen Investment Management LP raised its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 73.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,780 shares of the financial services provider's stock after buying an additional 8,347 shares during the period. Aigen Investment Management LP's holdings in Zillow Group were worth $1,465,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Zillow Group in the 4th quarter valued at $7,375,000. IVY Lane Capital Management LLC lifted its stake in shares of Zillow Group by 35.0% in the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock valued at $8,620,000 after purchasing an additional 35,000 shares during the period. Donoghue Forlines LLC acquired a new position in shares of Zillow Group in the 4th quarter valued at $1,932,000. Thrivent Financial for Lutherans acquired a new position in shares of Zillow Group in the 3rd quarter valued at $6,267,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock valued at $3,267,000 after purchasing an additional 6,900 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Trading Up 2.0 %

Shares of NASDAQ Z traded up $1.49 during mid-day trading on Friday, hitting $75.56. The company had a trading volume of 2,935,017 shares, compared to its average volume of 3,476,056. The company has a market capitalization of $18.33 billion, a PE ratio of -160.77, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The firm has a 50-day simple moving average of $78.09 and a two-hundred day simple moving average of $71.42. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39.

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

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at $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. Over the last 90 days, insiders sold 96,065 shares of company stock worth $7,660,165. Company insiders own 23.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on Z. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and a consensus price target of $82.00.

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.