Entropy Technologies LP Acquires 7,675 Shares of Zillow Group, Inc. (NASDAQ:Z)

Entropy Technologies LP increased its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 35.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,126 shares of the financial services provider's stock after buying an additional 7,675 shares during the period. Entropy Technologies LP's holdings in Zillow Group were worth $2,157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in Z. FMR LLC increased its holdings in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new stake in Zillow Group during the third quarter worth approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zillow Group during the third quarter worth approximately $38,310,000. Bridgewater Associates LP boosted its position in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider's stock worth $33,443,000 after purchasing an additional 424,615 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Zillow Group by 8,162.8% during the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider's stock worth $15,732,000 after purchasing an additional 243,415 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Price Performance

Zillow Group stock traded up $0.50 during mid-day trading on Thursday, hitting $78.71. 5,768,530 shares of the company were exchanged, compared to its average volume of 2,978,463. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $78.73 and a 200 day moving average of $68.13. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The company has a market capitalization of $18.38 billion, a PE ratio of -138.09, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, sell-side analysts expect that Zillow Group, Inc. will post -0.42 earnings per share for the current year.

Insider Activity

In related news, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.03, for a total value of $134,813.38. Following the completion of the sale, the general counsel now owns 29,893 shares of the company's stock, valued at approximately $2,183,085.79. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,730 shares of company stock worth $10,896,034. 23.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on Z shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Bank of America increased their price objective on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. Five 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.00.

About Zillow Group

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.