HighTower Advisors LLC Buys 6,174 Shares of Zillow Group, Inc. (NASDAQ:Z)

HighTower Advisors LLC lifted its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,452 shares of the financial services provider's stock after acquiring an additional 6,174 shares during the period. HighTower Advisors LLC's holdings in Zillow Group were worth $1,737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in Z. Assetmark Inc. increased its position in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 741 shares during the last quarter. Blue Trust Inc. boosted its stake in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Zillow Group during the third quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after acquiring an additional 579 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

Shares of Zillow Group stock traded down $1.17 on Thursday, hitting $70.35. 2,054,252 shares of the company's stock were exchanged, compared to its average volume of 3,300,864. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The company has a 50-day simple moving average of $77.59 and a 200-day simple moving average of $72.88. The stock has a market capitalization of $17.06 billion, a PE ratio of -149.68, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on Z shares. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and a consensus price target of $82.00.

Insiders Place Their Bets

In other news, COO Jun Choo sold 55,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock worth $7,660,165 in the last three months. 23.76% of the stock is owned by company insiders.

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.