Charles Schwab Investment Management Inc. Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Charles Schwab Investment Management Inc. increased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,538,709 shares of the financial services provider's stock after acquiring an additional 11,727 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Zillow Group worth $113,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Zillow Group during the 4th quarter worth $7,375,000. IVY Lane Capital Management LLC grew its position in shares of Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock worth $8,620,000 after buying an additional 35,000 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth approximately $1,932,000. Thrivent Financial for Lutherans acquired a new stake in Zillow Group in the third quarter valued at approximately $6,267,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after acquiring an additional 6,900 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company's stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,065 shares of company stock valued at $7,660,165. Insiders own 23.76% of the company's stock.

Zillow Group Trading Up 2.0 %

Shares of Z traded up $1.39 during mid-day trading on Wednesday, hitting $71.56. The company's stock had a trading volume of 1,821,421 shares, compared to its average volume of 3,476,119. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The firm has a market capitalization of $17.36 billion, a P/E ratio of -152.29, a P/E/G ratio of 9.24 and a beta of 2.27. The firm has a 50-day simple moving average of $77.96 and a 200 day simple moving average of $71.77.

Zillow Group (NASDAQ:Z - Get Free Report) last announced 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Z has been the topic of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Five research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

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.