Gilder Gagnon Howe & Co. LLC Grows Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Gilder Gagnon Howe & Co. LLC lifted its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,071 shares of the financial services provider's stock after buying an additional 31,980 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.14% of Zillow Group worth $23,479,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of Zillow Group during the fourth quarter worth about $55,000. Assetmark Inc. boosted its stake in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after purchasing an additional 741 shares in the last quarter. Blue Trust Inc. grew its position in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Zillow Group during the fourth quarter worth $80,000. Institutional investors own 71.01% of the company's stock.

Insiders Place Their Bets

In other news, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. Insiders own 23.76% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ Z traded down $0.34 during midday trading on Monday, hitting $65.93. 2,210,372 shares of the company's stock were exchanged, compared to its average volume of 3,343,248. The company has a market cap of $15.99 billion, a PE ratio of -140.28, a P/E/G ratio of 9.24 and a beta of 2.19. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The firm's fifty day simple moving average is $69.24 and its 200-day simple moving average is $73.30.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. 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 note on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a research note on Friday, March 28th. They set a "market perform" rating and a $80.00 price target on the stock. Seven investment 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 company's stock. Based on data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and a consensus price target of $81.71.

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.