Arrowstreet Capital Limited Partnership Has $29.41 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1,337.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397,211 shares of the financial services provider's stock after purchasing an additional 369,580 shares during the period. Arrowstreet Capital Limited Partnership owned 0.17% of Zillow Group worth $29,413,000 as of its most recent SEC filing.

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

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Zillow Group Price Performance

Shares of Zillow Group stock traded down $1.97 on Friday, hitting $66.54. The company had a trading volume of 6,647,166 shares, compared to its average volume of 3,338,340. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The company has a market cap of $16.14 billion, a PE ratio of -141.57, a PEG ratio of 9.24 and a beta of 2.19. The business has a 50-day simple moving average of $76.28 and a 200-day simple moving average of $73.33.

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%. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on Z shares. 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 target price for the company. Wedbush reissued an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.71.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. Corporate insiders own 23.76% of the company's stock.

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.