Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,428 shares of the financial services provider's stock after acquiring an additional 18,798 shares during the period. California Public Employees Retirement System owned 0.09% of Zillow Group worth $14,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of Z. The Manufacturers Life Insurance Company boosted its holdings in shares of Zillow Group by 55.5% in the third quarter. The Manufacturers Life Insurance Company now owns 44,958 shares of the financial services provider's stock valued at $2,871,000 after acquiring an additional 16,055 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Zillow Group by 30.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 20,508 shares of the financial services provider's stock valued at $1,309,000 after purchasing an additional 4,730 shares in the last quarter. Janus Henderson Group PLC increased its position in Zillow Group by 66.6% during the 3rd quarter. Janus Henderson Group PLC now owns 14,260 shares of the financial services provider's stock worth $910,000 after purchasing an additional 5,700 shares during the period. Investment Management Corp of Ontario acquired a new position in Zillow Group during the 3rd quarter worth approximately $337,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $240,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the company'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 transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 over the last 90 days. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Down 3.8 %

Shares of Z traded down $2.42 during mid-day trading on Tuesday, reaching $61.66. 2,169,602 shares of the stock traded hands, compared to its average volume of 3,345,400. The stock has a fifty day simple moving average of $75.93 and a 200 day simple moving average of $73.44. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of -131.23, a P/E/G 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 (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 expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a "market perform" rating and a $80.00 target price for the company. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group Profile

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.