American Assets Capital Advisers LLC Invests $504,000 in Zillow Group, Inc. (NASDAQ:Z)

American Assets Capital Advisers LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,808 shares of the financial services provider's stock, valued at approximately $504,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of Zillow Group by 5.5% in the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider's stock valued at $388,000 after acquiring an additional 318 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Zillow Group in the third quarter worth approximately $6,267,000. Swiss National Bank boosted its stake in Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider's stock valued at $29,807,000 after purchasing an additional 3,300 shares in the last quarter. IVY Lane Capital Management LLC increased its position in shares of Zillow Group by 35.0% during 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. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Zillow Group in the 3rd quarter worth $234,000. Institutional investors own 71.01% of the company's stock.

Insiders Place Their Bets

In related news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on 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 sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock worth $7,660,165 in the last ninety days. Insiders own 23.76% of the company's stock.

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Zillow Group Stock Performance

Shares of Zillow Group stock traded up $0.37 on Thursday, reaching $70.94. The stock had a trading volume of 3,665,306 shares, compared to its average volume of 3,338,157. The business's 50-day moving average price is $77.58 and its two-hundred day moving average price is $72.24. The stock has a market cap of $17.21 billion, a P/E ratio of -150.94, a price-to-earnings-growth 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 - Get Free Report) last posted 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 2.12% and a negative net margin of 5.01%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on Z. Wedbush restated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. Morgan Stanley lifted their price target 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Five equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

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.