CenterBook Partners LP Takes Position in Zillow Group, Inc. (NASDAQ:Z)

CenterBook Partners LP bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 70,869 shares of the financial services provider's stock, valued at approximately $5,248,000.

Several other hedge funds also recently modified their holdings of the company. APG Asset Management N.V. acquired a new position in shares of Zillow Group in the 4th quarter valued at $7,873,000. Bank of Nova Scotia acquired a new position in shares of Zillow Group in the 4th quarter valued at about $14,665,000. FIL Ltd purchased a new stake in shares of Zillow Group during the 4th quarter worth about $1,494,000. Polymer Capital Management US LLC acquired a new stake in Zillow Group during the 4th quarter worth approximately $219,000. Finally, Cerity Partners LLC raised its holdings in Zillow Group by 63.4% in the fourth quarter. Cerity Partners LLC now owns 12,260 shares of the financial services provider's stock valued at $885,000 after buying an additional 4,756 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Up 1.3 %

NASDAQ Z traded up $0.80 on Monday, reaching $61.96. 791,331 shares of the stock traded hands, compared to its average volume of 3,384,501. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a market cap of $15.03 billion, a price-to-earnings ratio of -131.83, a P/E/G ratio of 9.24 and a beta of 2.19. The firm's fifty day simple moving average is $73.48 and its 200 day simple moving average is $73.24.

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 for the quarter, missing the consensus estimate 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 research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report 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. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods began coverage on Zillow Group in a report on Friday, March 28th. They issued a "market perform" rating and a $80.00 price target for the company. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.71.

Insider Transactions at Zillow Group

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 stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction 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 transaction, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. 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 quarter. Company insiders own 23.76% of the company's stock.

Zillow Group Company 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.