110,100 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by APG Asset Management N.V.

APG Asset Management N.V. purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 110,100 shares of the financial services provider's stock, valued at approximately $7,873,000.

A number of other large investors also recently modified their holdings of the business. Bank of Nova Scotia acquired a new stake in shares of Zillow Group in the 4th quarter valued at approximately $14,665,000. FIL Ltd bought a new position in shares of Zillow Group in the 4th quarter valued at about $1,494,000. Polymer Capital Management US LLC bought a new position in shares of Zillow Group during the 4th quarter worth approximately $219,000. Cerity Partners LLC boosted its holdings in shares of Zillow Group by 63.4% during the fourth quarter. Cerity Partners LLC now owns 12,260 shares of the financial services provider's stock worth $885,000 after acquiring an additional 4,756 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Zillow Group by 4.7% during the fourth quarter. Russell Investments Group Ltd. now owns 21,014 shares of the financial services provider's stock worth $1,556,000 after purchasing an additional 948 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jun Choo sold 1,277 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group Stock Performance

Shares of Zillow Group stock traded down $0.85 during trading on Wednesday, hitting $63.24. 537,394 shares of the company's stock were exchanged, compared to its average volume of 3,373,871. The business has a 50-day simple moving average of $72.55 and a 200-day simple moving average of $73.16. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of -134.55, a PEG 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 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%. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal 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.