20,333 Shares in Zillow Group, Inc. (NASDAQ:Z) Acquired by Kennondale Capital Management LLC

Kennondale Capital Management LLC acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,333 shares of the financial services provider's stock, valued at approximately $1,506,000. Zillow Group accounts for 1.2% of Kennondale Capital Management LLC's investment portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Cibc World Markets Corp grew its position in Zillow Group by 4.8% in the fourth quarter. Cibc World Markets Corp now owns 51,254 shares of the financial services provider's stock valued at $3,795,000 after acquiring an additional 2,332 shares during the period. American Assets Capital Advisers LLC bought a new stake in Zillow Group in the fourth quarter valued at $504,000. Envestnet Portfolio Solutions Inc. grew its position in Zillow Group by 10.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,117 shares of the financial services provider's stock valued at $379,000 after acquiring an additional 467 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Zillow Group by 267.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,480 shares of the financial services provider's stock valued at $14,846,000 after acquiring an additional 145,889 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new position in Zillow Group in the fourth quarter worth $206,000. 71.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on Z. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $82.00.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $0.31 during trading hours on Friday, hitting $71.25. The company's stock had a trading volume of 4,112,184 shares, compared to its average volume of 3,316,734. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a 50 day moving average of $77.57 and a 200 day moving average of $72.34. The company has a market capitalization of $17.28 billion, a PE ratio of -151.60, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

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 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 expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.