Bridgewater Associates LP Boosts Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Bridgewater Associates LP raised its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724,532 shares of the financial services provider's stock after purchasing an additional 200,760 shares during the quarter. Bridgewater Associates LP owned approximately 0.31% of Zillow Group worth $53,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in Zillow Group by 1,337.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider's stock worth $29,413,000 after purchasing an additional 369,580 shares during the period. Mackay Shields LLC bought a new position in shares of Zillow Group during the 4th quarter worth approximately $17,496,000. Norges Bank bought a new position in shares of Zillow Group during the 4th quarter worth approximately $15,923,000. Bank of Nova Scotia bought a new stake in Zillow Group in the 4th quarter valued at $14,665,000. Finally, Hillman Co. lifted its holdings in Zillow Group by 88.1% during the 4th quarter. Hillman Co. now owns 348,301 shares of the financial services provider's stock valued at $25,792,000 after purchasing an additional 163,105 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Zillow Group Trading Up 0.2 %

Z stock traded up $0.10 during mid-day trading on Friday, reaching $62.57. The company's stock had a trading volume of 1,793,907 shares, compared to its average volume of 3,373,978. The company has a market cap of $15.18 billion, a price-to-earnings ratio of -133.13, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The business's 50 day moving average price is $71.07 and its 200 day moving average price is $73.06.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS 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.