Candriam S.C.A. Grows Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Candriam S.C.A. increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,289 shares of the financial services provider's stock after buying an additional 5,887 shares during the period. Candriam S.C.A.'s holdings in Zillow Group were worth $1,947,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in Z. Entropy Technologies LP acquired a new stake in Zillow Group during the 3rd quarter worth approximately $1,370,000. CIBC Asset Management Inc boosted its position in Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider's stock worth $388,000 after buying an additional 318 shares during the period. Thrivent Financial for Lutherans bought a new position in Zillow Group during the 3rd quarter worth approximately $6,267,000. Swiss National Bank raised its holdings in Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider's stock worth $29,807,000 after purchasing an additional 3,300 shares during the last quarter. Finally, IVY Lane Capital Management LLC raised its holdings in Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock worth $8,620,000 after purchasing an additional 35,000 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock valued at $7,660,165 over the last three months. Company insiders own 23.76% of the company's stock.

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Zillow Group Stock Performance

NASDAQ Z traded up $1.51 on Wednesday, hitting $71.68. 2,655,841 shares of the stock traded hands, compared to its average volume of 3,484,721. The business's fifty day moving average is $77.96 and its two-hundred day moving average is $71.77. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of -152.51, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.01% and a negative return on equity of 2.12%. Analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on Z. Baird R W upgraded shares of Zillow Group to a "hold" rating in a report 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 company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Five investment 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

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.