Arrowstreet Capital Limited Partnership Purchases 369,580 Shares of Zillow Group, Inc. (NASDAQ:Z)

Arrowstreet Capital Limited Partnership increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1,337.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,211 shares of the financial services provider's stock after purchasing an additional 369,580 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.17% of Zillow Group worth $29,413,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Assetmark Inc. increased its position in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after purchasing an additional 741 shares during the period. Blue Trust Inc. lifted its position in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after buying an additional 579 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock worth $120,000 after buying an additional 245 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO David A. Beitel sold 2,025 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at $11,743,826.50. This represents a 1.32 % 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 quarter. Corporate insiders own 23.76% of the company's stock.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $2.46 during trading hours on Monday, hitting $64.08. The company's stock had a trading volume of 6,812,248 shares, compared to its average volume of 3,349,711. The company has a market capitalization of $15.54 billion, a PE ratio of -136.34, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The stock has a 50 day moving average of $75.93 and a 200 day moving average of $73.44. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Z has been the topic of several analyst reports. Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Keefe, Bruyette & Woods began coverage on Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 price target on the stock. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Six 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.71.

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.