Cerity Partners LLC Purchases 4,756 Shares of Zillow Group, Inc. (NASDAQ:Z)

Cerity Partners LLC lifted its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 63.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,260 shares of the financial services provider's stock after acquiring an additional 4,756 shares during the period. Cerity Partners LLC's holdings in Zillow Group were worth $885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in Zillow Group by 1,337.6% during the 4th 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 in the last quarter. Mackay Shields LLC bought a new stake in Zillow Group in the 4th quarter worth about $17,496,000. Norges Bank purchased a new stake in Zillow Group in the 4th quarter valued at about $15,923,000. Hillman Co. lifted its position in shares of Zillow Group by 88.1% during the 4th quarter. Hillman Co. now owns 348,301 shares of the financial services provider's stock worth $25,792,000 after buying an additional 163,105 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Zillow Group by 267.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,480 shares of the financial services provider's stock worth $14,846,000 after purchasing an additional 145,889 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Z has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a report on Friday, March 28th. They issued a "market perform" rating and a $80.00 price objective for the company. William Blair began coverage on shares of Zillow Group in a report on Monday. They set a "market perform" rating on the stock. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Seven 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.71.

Zillow Group Stock Performance

Shares of Z traded up $1.92 on Wednesday, reaching $64.65. The stock had a trading volume of 1,234,741 shares, compared to its average volume of 3,353,494. 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 $15.68 billion, a price-to-earnings ratio of -137.73, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The company has a 50-day simple moving average of $70.40 and a 200-day simple moving average of $73.10.

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 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%. On average, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 in the last quarter. Corporate insiders own 23.76% of the company's stock.

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.