Dimensional Fund Advisors LP Has $114.11 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Dimensional Fund Advisors LP raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,540,831 shares of the financial services provider's stock after acquiring an additional 65,724 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.66% of Zillow Group worth $114,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrow Capital Pty Ltd bought a new position in Zillow Group in the fourth quarter valued at approximately $1,481,000. Canada Pension Plan Investment Board increased its holdings in Zillow Group by 12.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 214,600 shares of the financial services provider's stock worth $15,891,000 after buying an additional 23,400 shares during the last quarter. Bridgewater Associates LP increased its holdings in Zillow Group by 38.3% during the fourth quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider's stock worth $53,652,000 after buying an additional 200,760 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Zillow Group during the fourth quarter worth $245,000. Finally, XTX Topco Ltd lifted its stake in Zillow Group by 10.6% in the fourth quarter. XTX Topco Ltd now owns 15,575 shares of the financial services provider's stock valued at $1,153,000 after acquiring an additional 1,492 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction dated 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. The trade was a 1.96 % 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 in the last three months. Insiders own 23.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on Z shares. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research 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. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. Seven 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $66.27 on Friday. The company's 50 day moving average price is $69.51 and its two-hundred day moving average price is $73.19. The firm has a market capitalization of $16.07 billion, a P/E ratio of -141.00, a P/E/G ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its earnings results 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.

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